Edition:
United States

Kroger Co (KR.N)

KR.N on New York Stock Exchange

30.14USD
24 Apr 2017
Change (% chg)

$0.19 (+0.63%)
Prev Close
$29.95
Open
$30.12
Day's High
$30.22
Day's Low
$29.92
Volume
1,417,044
Avg. Vol
1,960,816
52-wk High
$37.97
52-wk Low
$28.29

Latest Key Developments (Source: Significant Developments)

Kroger files for potential senior notes offering
Monday, 26 Sep 2016 09:13am EDT 

Kroger Co : Files for potential senior notes offering; size not disclosed - SEC filing . Expects to use net proceeds of offering to refinance long-term indebtedness that matures in October 2016 and January 2017 . Senior notes will be issued only in denominations of $2,000 and integral multiples of $1,000 in excess thereof Source: (http://bit.ly/2dlVV50) Further company coverage: [KR.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Kroger announces merger of Axium Pharmacy and Modern HC Holdings
Wednesday, 20 Jul 2016 12:05pm EDT 

The Kroger Co : Kroger announces merger of Axium Pharmacy and Modern HC Holdings to create a combined specialty pharmacy . Says deal to create a combined specialty pharmacy that will operate as a wholly-owned subsidiary of Kroger Co .Financial terms were not disclosed.  Full Article

Kroger announces retirement of Roundy's CEO Bob Mariano
Tuesday, 12 Jul 2016 02:00pm EDT 

The Kroger Co : Kroger announces retirement of Bob Mariano .Retirement of Roundy's CEO Bob Mariano, effective Sept 1, after which he will serve as strategic adviser to Kroger and Roundy's.  Full Article

Kroger's Nashville Division Ratifies Agreement with UFCW Local 1995
Friday, 8 Jul 2016 05:06pm EDT 

The Kroger Co : Associates working at 93 stores in company's Nashville division have ratified a new labor agreement with local 1995 .Agreement covers 12,000 associates working in middle and East Tennessee , North Alabama and South Kentucky.  Full Article

Kroger expects 2016 company-sponsored pension plans expense to be about $80 mln
Tuesday, 28 Jun 2016 03:44pm EDT 

The Kroger Co : Expects 2016 company-sponsored pension plans expense to be about $80 million - sec filing . For 2016, expects to contribute $260 million to multi-employer pension funds . Continues to evaluate and address potential exposure to under-funded multi-employer pension plans . In 2016, will negotiate agreements with ufcw for store associates in little rock, nashville, southern california and fry’s in arizona .For 2016, expects annualized lifo charge of about $50 million, primarily related to pharmacy inventory.  Full Article

Kroger raises quarterly dividend 14 pct, approves $500 mln share buyback
Thursday, 23 Jun 2016 11:18am EDT 

The Kroger Co : Kroger raises quarterly dividend 14 percent, approves $500 million share repurchase program . Raised quarterly dividend by 14 percent, to 12 cents per share . "Company continues to expect an increasing dividend over time" .New share repurchase program replaces prior authorization, which has been exhausted.  Full Article

Kroger Co expect to contribute about $260 mln to multi-employer pension funds in 2016
Thursday, 16 Jun 2016 11:11am EDT 

The Kroger Co: Says In 2016, Expect To Contribute Approximately $260 Mln To Multi Employer pension funds - sec filing . In 2016, will negotiate agreements with ufcw for store associates in little rock, nashville, southern california, fry's in arizona . "long-term net earnings per diluted share growth rate guidance is 8-11%, plus a dividend that we expect to increase over time" Source - http://1.usa.gov/21oyl9J Further company coverage: [ ] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Kroger Q1 earnings per share $0.70
Thursday, 16 Jun 2016 08:45am EDT 

The Kroger Co : The Kroger Co qtrly identical supermarket sales growth, without fuel 2.4% . Q1 EPS of $0.70 . The Kroger Co says confirmed its identical supermarket sales growth guidance, excluding fuel, of approximately 2.5% to 3.5% for 2016 . Continues to expect capital investments excluding mergers, acquisitions, purchases of leased facilities, to be in $4.1 billion to $4.4 billion range for year . Kroger reports first quarter results . Reaffirms FY 2016 earnings per share view $2.19 to $2.28 . Q1 sales $34.6 billion versus I/B/E/S view $34.88 billion . Q1 earnings per share $0.70 .Q1 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.  Full Article

Moody's upgrades Kroger to BAA1
Wednesday, 1 Jun 2016 04:55pm EDT 

Moody's: Moody's upgrades Kroger to BAA1 .We expect Kroger to continue to report positive identical store sales growth, maintain margins and a balanced financial policy.  Full Article

Kroger expands green peas product recall
Thursday, 26 May 2016 07:28pm EDT 

The Kroger Co : Kroger expands green peas product recall . Says no customer illnesses have been reported to date . Expanded its recall of Kroger Green Peas to include Northern Alabama , Kentucky , Louisiana , North Carolina , Central , Texas,Virginia . Expanded recall of Pictsweet Steamable Green Peas to include products sold in Kroger, Dillons, Bakers, Gerbes, Food 4 Less and Jay-C locations . Customers who have purchased any of products should not consume them; return them to a store for a full refund or replacement .Both products were included in a recall initiated earlier this month by supplier because they may be contaminated with listeria.  Full Article

More From Around the Web

BRIEF-Kroger recommends shareholders reject TRC Capital's mini-tender offer

* Kroger recommends shareholders reject "mini-tender" offer by TRC Capital Corporation