|03/13/14||Kroger Board of Directors Approves $1 Billion Share Buyback, Declares Quarterly Dividend|
|CINCINNATI, March 13, 2014 /PRNewswire/ -- The Kroger Co.'s (NYSE: KR) Board of Directors today approved a $1 billion share repurchase program, replacing the existing authorization that has approximately $2 million remaining.
Also today, Kroger's Board of Directors declared a quarterly dividend of 16.5 cents per share, to be paid on June 1, 2014, to shareholders of record as of the close of business on May 15, 2014.
Over the last four quarters, Kroger has used its strong free cash flow t... |
|03/06/14||Kroger Reports Fourth Quarter and Full Year 2013 Results|
|Adjusted Q4 EPS of $0.78 and Full Year 2013 EPS of $2.85
Q4 ID Sales Up 4.3% Without Fuel
CINCINNATI, March 6, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today reported net earnings of $0.81 per diluted share and identical supermarket sales growth, without fuel, of 4.3% in the fourth quarter. The company reported fiscal 2013 net earnings of $2.90 per diluted share and identical supermarket sales growth, without fuel, of 3.6%.
Kroger's third and fourth quarter net earnings include... |
|03/05/14||Kroger Stores in North Texas Refresh Approach to Customer Shopping Experience and Product Pricing|
|Grocer focuses on increasing loyalty and attracting new customers through reduced prices, faster checkout, fuel discounts, locally sourced items and community involvement
DALLAS-FORT WORTH, Texas, March 5, 2014 /PRNewswire/ -- Kroger, the market share leader among traditional grocers in North Texas, has served the region since 1958. During this period, Kroger has evolved and expanded by monitoring consumer trends, and more importantly, continuously listening to customers and employees, and ... |
|03/04/14||Kroger to Participate in the Bank of America Merrill Lynch Consumer & Retail Conference and the UBS Global Consumer Conference|
|CINCINNATI, March 4, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) will participate in the Bank of America Merrill Lynch Consumer & Retail Conference on Tuesday, March 11 and the UBS Global Consumer Conference on Wednesday, March 12. Mike Schlotman, Kroger senior vice president and chief financial officer, will address investors at 2:05 pm on March 11 and 8:50 am on March 12.
The presentations will be broadcast online at ir.kroger.com. Click on "Webcasts" to access the event. The pres... |
|02/27/14||Kroger Created More than 7,000 New Jobs in 2013|
|Added 40,000 new jobs over the last six years
CINCINNATI, Feb. 27, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced that its total active workforce has grown by more than 7,000 during fiscal year 2013. Approximately 90 percent of the new jobs are in the company's supermarket divisions.
"Our associates have the extraordinary opportunity to make a difference for the more than eight million customers who visit our stores each day," said Katy Barclay, Kroger's senior vice presi... |
|02/25/14||Kroger Names Dennis Gibson President of QFC|
|CINCINNATI, Feb. 25, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced Dennis Gibson has been promoted to president of the QFC division. He succeeds Joe Fey, who was named president of Kroger's Mid-Atlantic division in January.
Mr. Gibson, 58, has been serving as vice president of merchandising in Kroger's Columbus division.
"Dennis's experience in both merchandising and retail operations make him a great fit to lead the QFC team," said Mike Ellis, Kroger's president and chi... |
|02/20/14||Kroger to Webcast Fourth Quarter Conference Call with Investors|
|CINCINNATI, Feb. 20, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) will host a conference call with investors on Thursday, March 6 at 10 a.m. (ET) to discuss financial results for the fourth quarter of fiscal 2013.
The presentation will be broadcast online at ir.kroger.com. Click on "Webcasts" to access the event. An on-demand replay of the webcast will be available from approximately 1 p.m. (ET) Thursday, March 6 through Thursday, March 20, 2014.
Kroger, one of the world's largest reta... |
|02/19/14||Kroger Named a Top Organization for Multicultural Business Opportunities|
|CINCINNATI, Feb. 19, 2014 /PRNewswire/ -- For the fifth consecutive year, The Kroger Co. (NYSE: KR) was honored to be named one of the "Top 50 Organizations for Multicultural Business Opportunities" by DiversityBusiness.com.
Kroger was selected by more than 1.3 million women and minority-owned business owners who voted to name the Div50 – a listing of the top 50 corporate and organizational buyers of diversity products and services throughout the U.S.
"This recognition means a lot to Kro... |
|02/11/14||Kroger Announces Acquisition of YOU Technology|
|Top Digital Coupon Platform Provider Combines with Leader in Customer Personalization
CINCINNATI and SAN FRANCISCO, Feb. 11, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced it has purchased the assets of YOU Technology Brand Services, Inc., the Silicon Valley-based leader in digital coupons and promotions.
Founded in 2008, YOU Tech's retailer-centric, cloud-based platform bridges the gap between online engagement and in-store purchases, creating a measurable way for many of ... |
|01/29/14||Kroger Completes Merger with Harris Teeter|
|CINCINNATI and MATTHEWS, N.C., Jan. 29, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) and Harris Teeter Supermarkets, Inc. (NYSE: HTSI) today announced that the merger transaction between the two companies was completed on January 28, 2014. Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock.
"We are pleased that our merger is complete and look forward to bringing together the best of Kroger and Harris Teeter to bene... |
|01/21/14||Kroger Names Jay Cummins President of Smith's Food and Drug Stores and Joe Fey President of Kroger's Mid-Atlantic Division|
|CINCINNATI, Jan. 21, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced Jay Cummins has been named president of the Smith's Food and Drug Stores division and Joe Fey has been named president of Kroger's Mid-Atlantic division.
Jay Cummins Named President of Smith's Food and Drug Stores
Mr. Cummins, 62, has been serving as president of Kroger's Mid-Atlantic division. He succeeds Mark Tuffin, who was named senior vice president of retail divisions in December.
"In his more tha... |
|01/17/14||FTC Grants Early Termination of Hart-Scott-Rodino Act Waiting Period for Merger Transaction between Kroger and Harris Teeter|
|CINCINNATI and MATTHEWS, N.C., Jan. 17, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) ("Kroger") and Harris Teeter Supermarkets, Inc. (NYSE: HTSI) ("Harris Teeter") announced that the Federal Trade Commission today 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.
The early termination of the HSR waiting period satisfies one of the conditions to the ... |
|01/17/14||Kroger Board of Directors Declares Quarterly Dividend|
|CINCINNATI, Jan. 17, 2014 /PRNewswire/ -- The Kroger Co.'s (NYSE: KR) Board of Directors today declared a quarterly dividend of 16.5 cents per share to be paid on March 1, 2014, to shareholders of record as of the close of business on February 15, 2014.
In September, the company's Board of Directors raised the quarterly dividend by approximately 10 percent, to 16.5 cents per share. Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company ... |
|01/02/14||Kroger Family of Pharmacies Providing Prescriptions at No Upfront Cost for Customers Enrolled in the Public Health Insurance Marketplace|
|CINCINNATI, Jan. 2, 2014 /PRNewswire/ -- The Kroger Co. (NYSE: KR) Family of Pharmacies is providing up to a 30-day supply of certain prescriptions at no upfront cost to customers who have enrolled in the Affordable Care Act's Public Health Insurance Marketplace but do not yet have identification information from an insurer.
"Every January, our pharmacists and technicians help customers navigate through new plan transitions. It is part of our commitment to the health and wellness of the commu... |