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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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September 18, 2014
14:52 EDTKRKroger testing online ordering, pick-up service, Progressive Grocer says
Kroger is testing a "click-and-collect system" in Cincinnati which allows customers to submit their orders online and pick them up at a drive-thru windows, Progressive Grocer reports. The technology that Kroger is utilizing is the same technology that has been deployed by Harris Teeter, a company that Kroger acquired last year. "Harris Teeter has successfully scaled this model in their stores and we are learning a lot from them about it. Our approach with new technologies and systems is to test small and work out the kinks before scaling more widely," said Rachel Betzler, public relations manage for Kroger's Cincinnati division. Reference Link
14:06 EDTKRKroger price target raised to $58 from $55 at Argus
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10:44 EDTKRKroger board raises quarterly dividend by 12% to 18.5c
Kroger's Board raised the quarterly dividend by 12% to 18.5 per share, to be paid on December 1 to shareholders of record as of the close of business on November 14. The company continues to expect an increasing dividend over time.
September 17, 2014
11:02 EDTKROptions with decreasing implied volatility
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09:31 EDTKRHouse Committee on Ways & Means to hold a hearing
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