Kroger Approves $1 Billion Buyback Program; Shares Up

Date : 11/05/2019 @ 1:31PM
Source : Dow Jones News
Stock : Kroger Co (KR)
Quote : 28.41  0.0 (0.00%) @ 10:04AM

Kroger Approves $1 Billion Buyback Program; Shares Up

Kroger (NYSE:KR)
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By Michael Dabaie

 

Kroger Co. (KR) said its board approved a new stock buyback program.

The retailer said its board approved a $1 billion share repurchase program, replacing the existing authorization that has about $546 million remaining.

Shares were up 3% premarket to $25.69.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

November 05, 2019 08:16 ET (13:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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