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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 sees liquidity needs over next 12-month to range between $6 to $6.5 bln
Tuesday, 27 Jun 2017 05:20pm EDT 

June 27 (Reuters) - Kroger Co -:Estimates its liquidity needs over the next twelve-month period to range from $6.0 billion to $6.5 billion.Kroger Co - expect 2017 company-sponsored pension plans expense to be approximately $110 million‍​.Kroger Co - expect capital investments, excluding mergers, acquisitions and purchases of leased facilities, to be $3.2 to $3.5 billion for 2017.Kroger Co - expect full-year fifo operating margin in 2017, excluding items, to decline approximately 20 to 30 basis points compared to 2016 results.Kroger Co - for 2017, anticipate product cost inflation, excluding fuel; also expect an annualized lifo charge of approximately $80 million.Kroger - for 2017, expect to contribute about $360 million to multi-employer pension funds.  Full Article

Kroger Co approves $1 bln share repurchase program; raises quarterly dividend
Thursday, 22 Jun 2017 11:20am EDT 

June 22 (Reuters) - Kroger Co :Kroger board of directors approves $1 billion share repurchase program; raises quarterly dividend.Sets quarterly dividend of $0.125 per share.Company continues to expect an increasing dividend over time.Board approved a dividend increase from 48¢ to 50¢ per year.  Full Article

Kroger expands recall of 12 oz. packages of Simple Truth Dry Roasted Macadamia Nuts
Thursday, 15 Jun 2017 10:00am EDT 

June 15 (Reuters) - Kroger Co ::Expands recall of 12 oz. packages of Simple Truth Dry Roasted Macadamia Nuts because of possible health risk.No customer illnesses have been reported to date in connection with recall.Expanded recall of its 12 oz. packages of Simple Truth Dry Roasted Macadamia Nuts due to potential Listeria monocytogenes contamination​.Has expanded this recall to include all stores nationwide.  Full Article

Kroger says ‍currently negotiating agreements with UFCW
Thursday, 15 Jun 2017 08:22am EDT 

June 15 (Reuters) - Kroger Co ::Kroger Co says ‍currently negotiating agreements with UFCW for store associates in Atlanta, Dallas and Food 4 Less warehouse stores​.Kroger-‍negotiations this year will be "challenging" as co must have "competitive cost structures" in the markets while meeting associates' needs.Kroger sees FY fifo operating margin in 2017, excluding items, to decline about 20-30 basis points compared to 2016 results.  Full Article

Kroger Q1 adjusted earnings per share $0.58 excluding items
Thursday, 15 Jun 2017 07:45am EDT 

June 15 (Reuters) - Kroger Co :Kroger reports first quarter results.Q1 sales $36.3 billion versus I/B/E/S view $35.77 billion.Lowers FY 2017 GAAP earnings per share view $1.74 to $1.79.Sees FY 2017 adjusted earnings per share $2.00 to $2.05.Identical supermarket sales growth, without fuel, of -0.2% in Q1 of 2017.Q1 adjusted earnings per share $0.58 excluding items.Q1 earnings per share $0.32.Continues to expect capital investments excluding mergers, acquisitions, purchases of leased facilities, to be in $3.2 to $3.5 billion range for 2017.Over long term, Kroger is "committed to achieving" a net earnings per diluted share growth rate of 8 - 11%, plus a growing dividend.Continues to expect identical supermarket sales growth, excluding fuel, of flat to 1% growth for 2017.Identical supermarket sales in last nine weeks of Q1 were positive, and that has continued in Q2 to date.FY earnings per share view $2.19 -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.  Full Article

Kroger has recalled Kroger Dessert Cups -yellow sponge cake
Wednesday, 24 May 2017 06:43pm EDT 

May 24 (Reuters) - Kroger Co :Has recalled Kroger Dessert Cups -yellow sponge cake (6.5 oz., 6 pack) sold in retail stores because it contains undeclared milk.One customer illness has been reported at this time.For consumers who are not sensitive to milk, there is no safety issue with product.  Full Article

Kroger recommends shareholders reject TRC Capital's mini-tender offer
Wednesday, 19 Apr 2017 11:30am EDT 

April 19 (Reuters) - Kroger Co ::Kroger recommends shareholders reject "mini-tender" offer by TRC Capital Corporation.Does not endorse TRC Capital's unsolicited mini-tender offer and recommends that shareholders do not tender their shares.Says received notice of an unsolicited "mini-tender" offer by TRC Capital to buy up to 4 million common shares at $28.70 per share.  Full Article

Kroger says names Joe Grieshaber president of Fred Meyer Stores
Monday, 20 Mar 2017 02:19pm EDT 

Kroger Co : Kroger names Joe Grieshaber president of Fred Meyer Stores, Dan De La Rosa president of Columbus division .Grieshaber is replacing Jeff Burt, who resigned today to pursue other interests.  Full Article

Target names Jeff Burt senior vice president, grocery, fresh food and beverage
Monday, 20 Mar 2017 02:02pm EDT 

Target Corp : Target names Jeff Burt senior vice president, grocery, fresh food and beverage . Says Burt joins Target from Kroger Co, where he was most recently president of Fred Meyer division .Burt will join company on April 10 and will relocate to Minneapolis.  Full Article

Kroger declares dividend, approves $500 mln share repurchase program
Thursday, 9 Mar 2017 02:40pm EST 

Kroger Co : Kroger board of directors declares quarterly dividend, approves incremental $500 million share repurchase program . Declared a quarterly dividend of 12¢ per share to be paid on june 1, 2017 .$500 million share repurchase program, supplements current authorization, which has about $120 million remaining as of March 8, 2017.  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: