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Kroger Co

BUSINESS
October 28, 2008 | The Associated Press
An executive of the Kroger Co. supermarket chain and three former managers with its Southern California subsidiary Ralphs pleaded not guilty Monday to federal labor fraud charges linked to the 2003-04 supermarket strike and lockout. A 23-count indictment filed in U.S. District Court in Los Angeles accuses the defendants of conspiring to rehire locked-out workers using fake Social Security numbers and identification during the strike. A trial date of Dec.
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BUSINESS
September 17, 2008 | From Times Wire Services
Grocery chain Kroger Co., operator of Ralphs, said its second-quarter profit rose 3.4% as a slowing economy prompted people to eat at home more often and try more store brands. The results sent its stock up more than 5%. Kroger has added to frequent-customer incentives for store discounts and cheaper gas at its own stations, along with offering more store-brand items and prepared meals for people trading down in price and cutting back on eating out. The company said sales were strong for its deli, bakery and prepared foods, and that store-label items accounted for a record 26% of its grocery sales.
BUSINESS
June 25, 2008 | From Bloomberg News
Kroger Co., the biggest U.S. grocery chain and operator of Ralphs, increased its fiscal first-quarter profit more than analysts estimated by cutting prices and said full-year sales would exceed its previous forecast. Sales at stores open at least 15 months may climb as much as 5.5% this year, higher than its previous projection, Cincinnati-based Kroger said Tuesday. That estimate excludes gasoline sales at stores with service stations. Consumers bought more store-branded products after gas surged to more than $4 a gallon and food costs soared.
BUSINESS
March 12, 2008 | From the Associated Press
Kroger Co.'s quarterly profit tumbled 16% and its sales rose a slim 2% as it battled rising costs and tougher grocery competition. The fiscal fourth-quarter results Tuesday still beat Wall Street estimates, but the 2008 forecast from the nation's largest traditional grocery store chain fell short of analysts' expectations. Cincinnati-based Kroger, operator of Ralphs and Food 4 Less, said it earned $322.9 million, or 48 cents a share, for the quarter ended Feb. 2, down from $384.
BUSINESS
December 12, 2007 | From Times Wire Services
Kroger Co. reported Tuesday that its fiscal third-quarter profit jumped 18% on strong sales, but margins at the nation's largest traditional grocery chain were hurt by what it sells outside stores -- gasoline. Shares slid more than 5% after Cincinnati-based Kroger, operator of Ralphs and Food4Less, reported a drop in fuel margins for the quarter ended Nov. 10, and only slightly raised its earnings outlook for the full year. Kroger posted earnings of $253.
BUSINESS
November 15, 2007 | Roger Vincent, Times Staff Writer
Two large-scale warehouse leases valued at a total of almost $300 million have been signed in Southern California as retailers continue to set up distribution centers in enormous buildings, many of them in the Inland Empire. The most recent deals involve new facilities for appliance manufacturer Whirlpool Corp. in Riverside County and grocer Kroger Co., owner of Ralphs and Food 4 Less, in Paramount.
BUSINESS
October 13, 2007 | From Times Wire Services
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.'
BUSINESS
September 19, 2007 | From the Associated Press
cincinnati -- Kroger Co. said Tuesday that its profit rose 28% in its fiscal second quarter, topping analyst expectations. The nation's largest traditional grocery chain boosted its outlook for the year. Its shares rose 7.7%. The supermarket operator said it earned $267.3 million, or 38 cents a share, for the three months ended Aug. 18, up from $209 million, or 29 cents, a year earlier. Revenue rose 7% to $16.14 billion from $15.14 billion in the year-earlier quarter.
BUSINESS
September 17, 2007 | Dan Sewell, The Associated Press
Weekend grocery shopping list: Milk, on sale at four half-gallons for $5. Cookies, two packages-for-one at $3.99. New $200,000 fixed-rate mortgage, 30 years at 6.2%. Kroger Co., the nation's largest traditional grocery chain, has been quietly but steadily expanding its financial services business since beginning with a Kroger credit card three years ago.
NATIONAL
August 5, 2007 | From Times Wire Reports
One of the nation's largest retail grocery chains has announced plans to switch to milk free of synthetic hormones. The announcement from Kroger Co. is a blow to Monsanto Co., which already had been reducing inventory of its milk production-boosting hormone as Starbucks Coffee Co. and other retailers rejected it. Monsanto, based in suburban St. Louis, markets the hormone rBST, or recombinant bovine somatotropin, under the brand name Posilac.
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