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Kroger Co (KR.N)

KR.N on New York Stock Exchange

20.15USD
22 Sep 2017
Change (% chg)

$-0.07 (-0.35%)
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$20.22
Open
$20.24
Day's High
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Day's Low
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Volume
3,138,735
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3,039,900
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$36.43
52-wk Low
$20.05

Latest Key Developments (Source: Significant Developments)

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

Mastercard says consumer confidence continuing to improve, primarily driven by Germany, Spain - conf call
Thursday, 27 Jul 2017 12:11pm EDT 

July 27 (Reuters) - Mastercard Inc ::Mastercard - Consumer confidence is continuing to improve (in Europe), and that's primarily driven by Germany and Spain - conf call.Mastercard - In U.K., despite ongoing concerns around Brexit, SpendingPulse showed solid overall retail sales growth of 5% in quarter - conf call.Mastercard - "in Asia, we continue to see strong economic growth in India and several of the ASEAN countries" - conf call.Mastercard - This quarter, Kroger will be converting their credit portfolio with U.S. Bank to Mastercard, still with U.S. Bank - conf call.Mastercard - Been working on developing technology network solution for China; are progressing well in that regard - conf call.Mastercard - areas of strength continue to be Europe, where we're seeing strong U.K. inbound, outbound volumes as well as Russia, Italy, France - conf call.Mastercard - "As we look forward to the second half of the year, we are forecasting this momentum to continue" - conf call.Mastercard - Based on current foreign exchange rates, now anticipate FX headwinds will subside, primarily due to weakening U.S. dollar - conf call.Mastercard - For year, continue to expect net revenue will grow at low double-digit Y-O-Y rate on currency-neutral basis, excluding acquisitions - conf call.Mastercard - For Q3, expect net revenue growth to be similar to what we saw in Q2, on a currency-neutral basis, excluding acquisitions - conf call.  Full Article

Mastercard selected for Kroger co-brand credit card issued by U.S. Bank
Thursday, 27 Jul 2017 10:11am EDT 

July 27 (Reuters) - Mastercard:Mastercard says Kroger Co. Has chosen company to be network for grocery retailer's 1-2-3 rewards co-brand credit card program.Card program will launch by end of 2017, with new cards to be issued by spring 2018.  Full Article

Kroger says "will make several changes" after review
Monday, 17 Jul 2017 09:03am EDT 

July 17 (Reuters) - Kroger Co ::Says conducted a review of structure and benefits of company's sponsored defined benefit plans.Says as a result of the review, company will make several changes.Says its overall balance sheet obligations will not change; co committed to maintaining our current investment grade rating.Kroger Co-to make contribution to plan this year of up to $1 billion that co believes will address underfunded position of sponsored defined benefit​ plan.Kroger Co - ‍debt will be issued to pay for funding of pension liability - SEC filing​.Kroger Co - there will be a one-time expense in 2017 associated with settlement of company's obligations for eligible participants' pension balances.Kroger Co says the one-time cost is not contemplated in earnings guidance for year.Kroger- ‍certain participants' benefit balances to be distributed out of plan via transfer to other qualified retirement plan options/lump sum payout.  Full Article

Kroger files prospectus supplement related to potential three-part senior notes offering
Monday, 17 Jul 2017 08:52am EDT 

July 17 (Reuters) - Kroger Co :Kroger co files prospectus supplement related to potential three-part senior notes offering - sec filing‍​.  Full Article

BRIEF-Kroger says declared quarterly dividend of 12.5¢ per share​

* Says ‍board of directors declared a quarterly dividend of 12.5¢ per share​ Source text for Eikon: Further company coverage: