Key Developments: Kroger Co (KR.N)
35.52USD
4:01pm EDT
$0.34 (+0.97%)
$35.18
$35.31
$35.56
$35.10
1,649,850
975,114
$35.56
$20.99
Latest Key Developments (Source: Significant Developments)
Pfizer Inc And Ranbaxy Laboratories Ltd Sued By Kroger Co And Other Retailers For Generic Lipitor Delay-Reuters
Reuters reported that Five big U.S. retailers filed an antitrust lawsuit against Pfizer Inc and India's Ranbaxy Laboratories Ltd, accusing them of conspiring to delay sales of generic versions of Lipitor. Walgreen Co, Kroger Co, Safeway Inc, SuperValu Inc and HEB Grocery Co accused the defendants of running an overarching anticompetitive scheme to keep generic versions of the cholesterol drug off the market until November 30, 2011, 20 months after the original patent expired. They said the defendants did this by obtaining a fraudulent patent, engaging in sham litigation, entering a price-fixing agreement to delay cheaper generics, and entering arrangements with pharmacy benefit managers to force retailers to buy more Lipitor, whose chemical name is atorvastatin calcium. The lawsuit was filed in federal court in Trenton, New Jersey. Pfizer Inc denies the plaintiffs' claims and will defend itself vigorously. The case is Walgreen Co et al v. Pfizer Inc et al, U.S. District Court, District of New Jersey, No. 12-04115. Full Article
Kroger Co Declares Quarterly Dividend
Kroger Co announced that it has declared a quarterly dividend of $0.115 per share to be paid on September 1, 2012, to shareholders of record as of the close of business on August 15, 2012. Full Article
Kroger Co Comments On Q2 2012 EPS Guidance-Conference Call
Kroger Co announced that for second quarter of 2012, it expects earnings per share (EPS) growth to be in line with long-term growth trend of 6% to 8% and the third and fourth quarters will be higher than that. Full Article
Kroger Co Announces $1 Billion Share Buyback; Raises FY 2012 EPS Guidance; Reaffirms FY 2012 Identical Supermarket Sales Growth Guidance
Kroger Co announced that the Board of Directors has approved a $1 billion share repurchase program that replaces the prior authorization, which was exhausted on June 12, 2012. Based on the strong results in the first quarter, the Company increased its earnings per share (EPS) guidance to $2.33 to $2.40 per diluted share for fiscal 2012. The original guidance was $2.28 to $2.38 per diluted share. The Company continues to expect identical supermarket sales growth, excluding fuel, of 3.0% to 3.5%. In accordance with original guidance, this includes the expected negative effect on sales from prescription drugs coming off patent. Full Article
Kroger Company Reaffirms FY 2012 Identical Supermarket Sales And EPS Guidance-Conference Call
Kroger Company announced that for fiscal 2012, the Company continues to anticipate identical supermarket sales growth, excluding fuel, of 3% to 3.5%. Fiscal 2012 net earnings are expected to range from $2.28 to $2.38 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.33 for fiscal 2012. Full Article
Kroger Company Declares Quarterly Dividend
Kroger Company announced that the Board of Directors has declared a quarterly dividend of $0.115 per share to be paid on June 1, 2012, to shareholders of record as of the close of business on May 15, 2012. Full Article
Kroger Company Comments On FY 2012 Identical Supermarket Sales Guidance; Issues FY 2012 EPS Guidance Above Analysts' Estimates
Kroger Company announced that for fiscal 2012, it expects identical supermarket sales growth, excluding fuel, of approximately 3.0% to 3.5%. The Company expects fiscal 2012 earnings per share (EPS) to a range from $2.28 to $2.38 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.00 for fiscal 2012. Full Article
Kroger Company Declares Quarterly Dividend
Kroger Company announced that the Board of Directors declared a quarterly dividend of $0.115 per share to be paid on March 1, 2012, to shareholders of record as of the close of business on February 15, 2012. Full Article
Kroger Company Raises FY 2011 EPS Guidance; Raises Low End Of Prior FY 2011 Identical Supermarket Sales Guidance
Kroger Company increased its diluted earnings per share (EPS) guidance to $1.95 to $2.00 for fiscal 2011. Previously, the range was $1.85 to $1.95. The Company also raised its identical supermarket sales growth guidance, excluding fuel, to 4.5% to 5% for fiscal 2011. Previously, identical supermarket sales were expected to range from 4% to 5%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.96 for fiscal 2011. Full Article
Kroger Company Recalls Select Containers Of Private Selection Extreme Moose Tracks Ice Cream For Undeclared Allergen
Kroger Company announced that it is recalling select containers of Private Selection Extreme Moose Tracks Ice Cream sold in 10 states because it may contain peanuts not listed on the label. Customers should return the product to stores for a full refund or replacement. People who are allergic to peanuts could have a serious or life-threatening reaction if they consume this product. For consumers who are not allergic to peanuts, there is no safety issue with the product. Kroger stores in the following states are included in this recall: Alabama, Georgia, Illinois, Indiana, Michigan, portions of eastern Missouri, Ohio and northern Kentucky, South Carolina, and eastern Tennessee. The recall also includes Kroger stores in Illinois and Indiana that operate under the following banner names: Jay C, Food 4 Less (Chicago area), Owen's, Pay Less and Scott's. Full Article
UPDATE 2-Kroger says sales holding up despite tax, gas pressure
March 7 - U.S. supermarket operator Kroger Co reported a better-than-expected quarterly profit and said business remains strong despite higher taxes and gasoline prices, sending shares to their highest point in more than four years.
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