June 14, 2012 |
Shares of Kroger Co. rose the most in more than three years after the operator of Ralphs and Food 4 Less boosted its annual profit forecast and announced a $1-billion share buyback. The Cincinnati company's shares advanced 6.1% to $22.58, the biggest gain since March 2009. The shares have dropped 6.8% this year. Profit for the fiscal year ending Jan. 31 will be as much as $2.40 a share, up from a prior forecast of as much as $2.38, the company said Thursday. That compared with the $2.32 average that analysts expected in a Bloomberg survey.
June 22, 2009 |
Anne Marie Sablock said she regularly drives past an Albertsons, a Whole Foods Market and several other supermarkets to shop at the Ralphs on Pacific Coast Highway in Long Beach. The Seal Beach mother of two teens is price sensitive and likes a broad selection of goods. She buys house brands and private label products. "I shop here because there is more choice and better prices," Sablock said as she dropped a box of Ralphs brand instant oatmeal into her cart last week.
October 13, 2007 |
Kroger Co., the biggest U.S. grocery chain, said union employees at its Food 4 Less unit in Southern California ratified a contract. The four-year contract, effective immediately, covers more than 5,700 employees represented by the United Food and Commercial Workers, Cincinnati-based Kroger said. Southern California unions in July ratified contracts at Kroger's Ralphs, Supervalu Inc.'s Albertsons and Safeway Inc.'
March 8, 2006 |
Two of Southern California's grocery chains reported financial results Tuesday that headed in opposite directions. Kroger Co., owner of the Ralphs and Food 4 Less chains, said it swung to a profit in the latest quarter from a loss a year earlier. Albertsons Inc., however, saw its sales and profits slide in the fourth quarter. Cincinnati-based Kroger reported fourth-quarter net earnings of $282.
September 13, 2005 |
Ralphs Grocery Co. and its sister supermarket chain Food 4 Less will avoid steep state fines for advertising Mexican-grown grapes as coming from California farms this summer. After investigating the incident, the California Department of Food and Agriculture decided not to ask the state attorney general to prosecute the two supermarket chains, department spokesman Steve Lyle said Monday. The chains, both owned by Cincinnati-based Kroger Co.
July 8, 2005 |
In what officials are describing as an unusual violation of the state's California Grown marketing campaign, Ralphs Grocery Co. and its sister Food 4 Less chain could face steep fines for advertising Mexican-grown grapes as coming from California farms. The California Department of Food and Agriculture, responding to complaints from farmers, has launched a formal review of the violation.