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Kroger Co



Kroger Co is a publicly traded company having a good stock performance result. Kroger Co is a fortune 500 stock listed company trading under KR.


The Kroger Co. crosses many states with store formats that include convenience stores, grocery, multi-department stores, and mall jewelry stores. They operate under nearly two dozen banners, all of which share the same belief in building strong local ties and brand loyalty with their customers.


Kroger Co. is one of the nation's largest grocery retailers, with fiscal 2005 sales of 60.6 billion dollars. Today reported total sales increased 7.5percent to 14.7 billion dollars for the fourth quarter ended January 28, 2006. Identical supermarket sales increased 6.2percent with fuel and 4.7percent without fuel. This represents Kroger’s tenth consecutive quarter of positive identical supermarket sales, excluding fuel. The year-ago results included a goodwill impairment charge of 903.8 million dollars, pre-tax, that affected net earnings by 860.8 million dollars, or 1.17 dollars per diluted share. Net earnings totaled 282.1 million dollars, or 0.39 dollars per diluted share, for the fourth quarter. In the year-ago period, Kroger reported a net loss of 652.1 million dollars, or 0.89 dollars per diluted share.


Kroger continued to invest in lower prices for customers. These targeted investments were funded by improvements in shrink and warehousing expenses.


Operating, general and administrative costs as a percentage of sales declined 38 basis points to 17.98percent. Excluding the effect of retail fuel operations, OG&A declined 6 basis points. Capital investment totaled 306.1 million dollars, compared to 337.4 million dollars a year ago. Total company sales leverage and improvement at Ralph’s offset increases in credit card fees, pension expense, and energy-related costs.


Kroger repurchased 2.6 million shares of stock at an average price of 18.93 dollars for a total investment of 49.4 million dollars. At the end of the fourth quarter, there was 114.3 million dollars remaining under the 500 million dollars stock buyback announced in September 2004. Since January 2000, Kroger has invested 3.0 billion dollars to repurchase 155.7 million shares at an average price of 19.13 dollars per share. Kroger continues to buy back stock.


The continued focus of Kroger’s associates on delivering improved service, product selection, and value to their customers has generated another quarter of impressive identical sales growth. These results reflect the Company’s highest identical supermarket sales growth since the combination with Fred Meyer in 1999.


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