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Kroger Co (KR.N)

KR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kroger announces retirement of Central division president Katie Wolfram
Tuesday, 17 Oct 2017 02:00pm EDT 

Oct 17 (Reuters) - Kroger Co ::Kroger announces retirement of Katie Wolfram and names new leadership for the Central and QFC divisions.Says Suzy Monford will join company to serve as president of QFC division​.Says Pam Matthews to succeed Katie Wolfram as Central division president​.  Full Article

Kroger clarifies annual sales from convenience store unit in 2016
Wednesday, 11 Oct 2017 11:22am EDT 

Oct 11 (Reuters) - Kroger Co ::Clarification: Kroger's convenience store business generates $4 billion in annual sales.‍In press release issued earlier on Oct 11, co said its convenience store unit generated revenue of $1.4 billion in 2016; figure only reflects inside sales​.Including fuel, Kroger's convenience store business generated $4 billion in total sales in 2016.  Full Article

Kroger says exploring strategic alternatives for convenience store business​
Wednesday, 11 Oct 2017 09:29am EDT 

Oct 11 (Reuters) - Kroger Co ::Reaffirms 2017 guidance‍​ - SEC filing.As a result of review of assets, decided to explore strategic alternatives including potential sale, of convenience store business​.Hired Goldman Sachs & Co to identify, review and evaluate options - SEC filing‍​.FY2017 earnings per share view $2.11, revenue view $115.08 billion -- Thomson Reuters I/B/E/S.Expect identical supermarket sales growth, excluding fuel, of 0.5% to 1.0% for remainder of fiscal 2017​‍​.Neither Supermarket Fuel Centers nor Turkey Hill Dairy is included in review of strategic alternatives​.Expects to generate more than $4 billion of free cash flow over the next three years ‍​."Restock Kroger Plan" is expected to generate $400 million in incremental operating margin by 2020‍​.Plans to invest an incremental $500 million in human capital over next three years​.Intends to expand its "alternative revenue streams", including driving media and advertising revenue​.  Full Article

Kroger in investor meeting- expect 2018 EPS to be flat or slightly grow ‍​
Wednesday, 11 Oct 2017 08:19am EDT 

Oct 11 (Reuters) - Kroger Co :In investor meeting- expect 2018 EPS to be flat or slightly grow ‍​.In investor meeting- not seeing anything to cause us to be below $1.80 EPS‍​.In investor meeting- expect 2018 ID sales to be stronger than 2017.In investor meeting- expect 2018 capex of about $3 billion.Fy2018 earnings per share view $1.96, revenue view $121.75 billion -- Thomson Reuters I/B/E/S.  Full Article

Ralphs Grocery introduces pre-measured prepared meal kits called Prep+Pared
Thursday, 21 Sep 2017 12:02pm EDT 

Sept 21 (Reuters) - Ralphs Grocery Company::‍Ralphs Grocery Company says is introducing pre-measured and prepared meal kits, called Prep+Pared, in its stores​.  Full Article

Kroger Q2 earnings per share $0.39
Friday, 8 Sep 2017 07:51am EDT 

Sept 8 (Reuters) - Kroger Co :Kroger reports second quarter results.Q2 sales $27.6 billion versus I/B/E/S view $27.49 billion.Q2 adjusted earnings per share $0.47 excluding items.Q2 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Kroger Co - ‍confirms 2017 EPS guidance​.Kroger Co - Kroger confirms 2017 net earnings guidance for 53 weeks of $1.74-$1.79 per diluted share​.Kroger Co - ‍identical supermarket sales growth, without fuel, of 0.7% in Q2 of 2017​.Q2 earnings per share $0.39.Kroger Co - Kroger confirms adjusted net earnings guidance range of $2.00 to $2.05 per diluted share for 2017​.Kroger Co - ‍expects second-half 2017 id sales of 0.5% to 1.0%​.Kroger Co - ‍Kroger expects identical supermarket sales growth, excluding fuel, of 0.5 to 1.0% for remainder of fiscal year​.Kroger Co - ‍company's lifo expectation remains unchanged at $80 million for 2017​.Kroger Co - ‍kroger's 2017 guidance does not include any effect from Hurricanes Harvey and Irma​.Kroger Co - "believe we have ability to grow identical supermarket sales and market share in 2018"​.Kroger Co - ‍expects capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in $3.0 to $3.3 billion range for 2017​.FY earnings per share view $1.98 -- Thomson Reuters I/B/E/S.Kroger Co - "‍will no longer provide longer-term guidance"​.Kroger Co - Kroger recorded an $18 million lifo charge in Q2 of 2017​.  Full Article

Kroger reports Q2 earnings per share of $0.39
Friday, 8 Sep 2017 07:51am EDT 

Sept 8 (Reuters) - Kroger Co ::Kroger reports second quarter results.Q2 sales $27.6 billion versus I/B/E/S view $27.49 billion.Q2 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.39 excluding items.‍Confirms 2017 EPS guidance​.‍Kroger confirms 2017 net earnings guidance for 53 weeks of $1.74-$1.79 per diluted share​.‍Identical supermarket sales growth, without fuel, of 0.7% in Q2 of 2017​.Q2 earnings per share $0.39.‍Kroger confirms adjusted net earnings guidance range of $2.00 to $2.05 per diluted share for 2017​.‍Expects second-half 2017 ID sales of 0.5% to 1.0%​.‍Kroger expects identical supermarket sales growth, excluding fuel, of 0.5% to 1.0% for remainder of fiscal year​.‍Company's LIFO expectation remains unchanged at $80 million for 2017​.‍Kroger's 2017 guidance does not include any effect from hurricanes Harvey and Irma​."Believe we have ability to grow identical supermarket sales and market share in 2018"​.‍Expects capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in $3.0 to $3.3 billion range for 2017​.FY earnings per share view $1.98 -- Thomson Reuters I/B/E/S."‍Will no longer provide longer-term guidance"​.‍Kroger recorded an $18 million lifo charge in Q2 of 2017​.‍Has reduced its 2017 and 2018 planned capital investments by a total of $600 million ​.  Full Article

Kroger ratifies agreement with UFCW Local 1000
Tuesday, 5 Sep 2017 11:00am EDT 

Sept 5 (Reuters) - Kroger Co :Kroger ratifies agreement with UFCW Local 1000.Says ‍contract covers 11,000 associates working at 105 stores in Dallas/Ft Worth and East Texas areas​.Says ‍Dallas division associates working at co's stores in Dallas/Ft. Worth and surrounding area ratified new labor agreement with UFCW Local 1000​.  Full Article

Kroger Co says ‍executed an amended and restated credit agreement - SEC filing​
Tuesday, 29 Aug 2017 04:33pm EDT 

Aug 29 (Reuters) - Kroger Co :Kroger Co says ‍executed an amended and restated credit agreement - SEC filing​.Kroger Co- the credit agreement provides for a $2.75 billion unsecured revolving credit facility.Kroger Co - ‍company has ability to increase size of facility by up to an additional $1.0 billion, subject to certain conditions​.Kroger Co - unless extended, credit agreement will terminate and all amounts outstanding thereunder will be due and payable on August 29, 2022.  Full Article

Quest Resource Holding Corp renews food waste recycling contract with the Kroger Co
Tuesday, 8 Aug 2017 08:30am EDT 

Aug 8 (Reuters) - Quest Resource Holding Corp :Quest Resource Holding Corporation renews food waste recycling contract with the Kroger Co.Quest Resource Holding Corp - Quest to continue to implement custom food waste and meat recycling solutions for retailer's banners across United States.Quest Resource Holding Corp - Announce renewal of a three-year waste minimization contract with Kroger Co.  Full Article

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Online groceries are a hard sell, even to avid internet shoppers: poll

LOS ANGELES/NEW YORK Most U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon.com's $13.7 billion purchase of Whole Foods will shake up the supermarket business.