Key Developments: Kroger Co (KR.N)

KR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kroger Co recalls private selection sweet strawberry sorbet for undeclared allergen
Saturday, 12 Apr 2014 12:04pm EDT 

Kroger Co:Recalls private selection sweet strawberry sorbet sold at the company's Kroger and Jay C stores in 13 states because the product may contain milk not listed on the label.People who are allergic to milk could have a severe reaction if they consume this product.For consumers who are not allergic to milk, there is no safety issue with product.Two Kroger customers have reported a possible allergic reaction in connection with this product.Out of an abundance of caution, Kroger has recalled private selection sweet strawberry sorbet, sold in 16 fluid ounce packages with code date of Aug. 11, 2015 and UPC 11110 52108, due to potential presence of milk allergen.  Full Article

Kroger Co declares quarterly dividend
Thursday, 13 Mar 2014 03:00pm EDT 

Kroger Co:Declared a quarterly dividend of $0.165 per share, to be paid on June 1, to shareholders of record as of the close of business on May 15.  Full Article

Kroger Co gives FY 2014 EPS guidance above analysts' estimates
Thursday, 6 Mar 2014 08:31am EST 

Kroger Co:Expects FY 2014 net earnings to range from $3.14 to $3.25 per diluted share.FY 2014 EPS of $3.13 - Thomson Reuters I/B/E/S.  Full Article

Statman, Harris & Eyrich, LLC announces class action lawsuite against Kroger Co
Friday, 28 Feb 2014 10:45am EST 

Statman, Harris & Eyrich, LLC:Says a lawsuit has been filed in the Superior Court of California, County of Los Angeles.Says Kroger has engaged in a deceptive and misleading marketing scheme to promote "Simple Truth" store brand chicken as having been sourced from chickens raised "cage free in a humane environment.  Full Article

Kroger Co announces acquisition of YOU Technology
Tuesday, 11 Feb 2014 11:00am EST 

Kroger Co:Says it has purchased the assets of YOU Technology Brand Services, Inc., the Silicon Valley-based leader in digital coupons and promotions.  Full Article

Kroger Co completes merger with Harris Teeter Supermarkets, Inc
Wednesday, 29 Jan 2014 07:30am EST 

Kroger Co and Harris Teeter Supermarkets, Inc:Says the merger transaction between the two companies was completed on Jan. 28.Says under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock.Says the transaction allows Kroger to expand with the Harris Teeter brand and a base of 227 stores in the fast-growing and attractive southeastern and mid-Atlantic markets and in Washington, D.C.Says Harris Teeter will continue to operate its stores under the Harris Teeter brand name as a subsidiary of The Kroger Co.Says as of Jan. 28, shares of Harris Teeter common stock ceased to trade on the New York Stock Exchange.  Full Article

FTC grants early termination of Hart-Scott-Rodino Act waiting period for merger transaction between Kroger Co and Harris Teeter Supermarkets Inc
Friday, 17 Jan 2014 05:34pm EST 

Kroger Co and Harris Teeter Supermarkets Inc:Says that the Federal Trade Commission on Jan.17, granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with respect to the pending merger transaction between the two companies.Says the early termination of the HSR waiting period satisfies one of the conditions to the closing of the pending merger, which remains subject to other customary closing conditions.Says both companies expect the transaction to be completed before the end of Jan.Says on July 9, 2013, Kroger and Harris Teeter announced a definitive merger agreement, which was approved by the boards of directors of both companies.Says on Oct. 3, 2013, Harris Teeter shareholders overwhelmingly approved of the merger agreement.Says at the closing of the merger, Harris Teeter shareholders will receive $49.38 in cash for each share of Harris Teeter common stock they own.  Full Article

Kroger Co declares quarterly dividend
Friday, 17 Jan 2014 01:00pm EST 

Kroger Co:Says declared a quarterly dividend of $0.165 per share to be paid on March 1, 2014, to shareholders of record as of the close of business on Feb. 15, 2014.  Full Article

Kroger Co reaffirms FY 2013 EPS guidance
Thursday, 5 Dec 2013 09:00am EST 

Kroger Co:Sees FY 2013 net earnings guidance range of $2.73 to $2.80 per diluted share.Says this FY 2013 net earnings guidance excludes certain tax items and expenses related to company's pending merger with Harris Teeter.For FY 2013 EPS of $2.80 - Thomson reuters I/B/E/S Estimates.  Full Article

Kroger Co Reaffirms FY 2013 EPS Guidance-Conference Call
Wednesday, 30 Oct 2013 09:30am EDT 

Kroger Co announced that for fiscal 2013, it expects earnings per share (EPS) to be in the range of $2.73 to $2.80. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.80 for fiscal 2013.  Full Article

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Kroger boosted by acquisitions, raises profit view

- Kroger Co , the biggest U.S. supermarket operator, raised its full-year profit forecast and reported a better-than-expected 9 percent increase in quarterly profit on Thursday, helped by the acquisition of Harris Teeter Supermarkets Inc.

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