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Stock Market & Financial Investment News

News Breaks
June 19, 2014
10:20 EDTKRKroger says customers exhibiting 'less cautious' spending behavior
Says seeing strong positive indicators in shopping behavior, customers exhibiting less cautious spending behavior. Says more customers perceive the economy to be in recovery. Estimates inflation excluding pharmacy was 1.8% in Q1 and 2.1% with pharmacy. Sees inflation higher than expected for the rest of the year. Says committed to achieving a 2-2.2 net total debt to EBITDA ratio by mid-to-late 2015. Says integration with Harris Teeter "well under way." Sees capital spending in the $2.8B-$3B range for FY14. Expects dividend to increase "over time." Comments made on the Q1 earnings conference call.
News For KR From The Last 14 Days
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May 20, 2015
10:44 EDTKRKroger CEO says economics of delivery to home 'difficult'
Kroger CEO W. Rodney McMullen says he believes it will always be an "and," not an "or," choice for customers regarding grocery store visits and online purchases. McMullen spoke on CNBC.
10:42 EDTKRKroger CEO says consumer spending still 'fragile'
Kroger (KR) CEO W. Rodney McMullen says the company will continue to spend on stores. McMullen said it will be "fascinating" to see how Whole Foods (WFM) customers react to its plans for a smaller, lower-cost format. Kroger's CEO says food inflation has been tracking a 1%-2% and the company expects it to continue at that level. McMullen says Kroger looks at "just about anything that is available" in terms of M&A, but doesn't bid on many things. McMullen is speaking on CNBC.
07:07 EDTKRBMO Capital to hold a conference
10th Annual Farm to Market Conference is being held in New York on May 20-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link
May 12, 2015
08:05 EDTKRGoldman Sachs to hold a forum
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May 10, 2015
14:12 EDTKRWhole Foods stock unlikely to outperform in near-term, Barron's says
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