Kroger Shares Up 11% After Guidance, Buyback Program
November 05 2019 - 1:02PM
Dow Jones News
By Michael Dabaie
Kroger Co. (KR) shares were up 11% to $27.74 in heavy volume
around midday.
The retailer is holding its Investor Conference. Kroger backed
its 2019 adjusted earnings per share forecast of $2.15 to $2.25.
Kroger said it sees 2020 adjusted EPS of $2.30 to $2.40.
Kroger also backed its 2019 identical sales growth forecast of
2% to 2.25%. The company said it sees 2020 identical sales growth,
excluding fuel, to be greater than 2.25%.
The company said its board approved a $1 billion share
repurchase program, replacing the existing authorization that has
about $546 million remaining.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 05, 2019 12:47 ET (17:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Kroger (NYSE:KR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kroger (NYSE:KR)
Historical Stock Chart
From Apr 2023 to Apr 2024