Kroger: Share Repurchase Program Approved



Tue. November 22nd, 2011

The Kroger Co.’s Board of Directors is announcing the approval of a $1 billion share repurchase program. The program takes the place of the existing authorization that has relatively $213 million remaining. David B. Dillon, Kroger’s chairman and chief executive officer, states, “Kroger remains committed to using our substantial free cash flow to reinvest in our business through our Customer 1st strategy and capital expenditures, and returning cash to shareholders through solid earnings per share growth, dividends and share repurchases.”<hr class="legacyRuler"><hr class="invisible minimal-padding">www.kroger.com<hr class="legacyRuler"><hr class="invisible minimal-padding">