BAVIS_1170x120_10-22-20

Kroger chairman and CEO Rodney McMullen

Kroger board okays $1 billion stock buyback

Kroger board okays $1 billion stock buyback

CINCINNATI — Kroger Co.’s board of directors on Thursday authorized a new $1 billion share repurchase program, replacing the current authorization, which had approximately $157 million remaining as of December 29. “We are customer obsessed and focused on leading with fresh and accelerating with digital, which is building momentum in our business and will drive

Kroger details its environmental, social strategy

Kroger details its environmental, social strategy

CINCINNATI — The Kroger Co. released its 2021 Environmental, Social and Governance (ESG) report on Wednesday, sharing a new long-term ESG strategy and framework that the company said is designed to benefit people and the planet, and to help create a more resilient, equitable food system for tomorrow. “As a grocery retailer, Kroger is committed

Kroger taps Jabbar as SVP of retail divisions

Kroger taps Jabbar as SVP of retail divisions

CINCINNATI — Kroger Co. has tapped Valerie Jabbar, currently group vice president of center store merchandising, to succeed Steve McKinney as senior vice president of retail divisions. McKinney is set to retire, effective August 7, after more than 40 years with Kroger. McKinney began his career with with the retailer in 1981, taking a job

Kroger’s first quarter results top expectations

Kroger’s first quarter results top expectations

CINCINNATI — Kroger on Thursday reported first-quarter results that beat analysts’ expectations. The retailer also raised its guidance for the year and announced a new $1 billion share repurchase plan. “Kroger is even better positioned to connect with our customers than we were prior to the pandemic as a result of our relentless focus on

Kroger EVP and COO Mike Donnelly to retire

Kroger EVP and COO Mike Donnelly to retire

CINCINNATI — Kroger Co. executive vice president and COO Mike Donnelly is retiring later this spring, the company said Monday, adding that a succession plan will be announced at a later date. Donnelly has spent more than 42 years with Kroger. “With his relentless focus on the customer, Mike has led the organization to prioritize

Kroger says strategy delivering for shareholders

Kroger says strategy delivering for shareholders

CINCINNATI — Restock Kroger is delivering cost savings, improved shareholder returns, and a stronger competitive position, the retailer said Tuesday. “Through the Restock Kroger framework and intensity around operational excellence, we are achieving cost savings of over $1 billion each year and are investing savings back into the business with an emphasis on the customer

Kroger names Arreaga SVP of supply chain

Kroger names Arreaga SVP of supply chain

CINCINNATI — Kroger Co. has named Gabriel Arreaga senior vice president of supply chain, effective October 1. He succeeds Robert Clark, senior vice president of supply chain, manufacturing and enterprise sourcing, who is retiring from the company on February 1 after more than 35 years of service. “We thank Robert for his 35 years of

Kroger adds 100,000 workers in eight weeks

Kroger adds 100,000 workers in eight weeks

CINCINNATI – Kroger Co. has hired more than 100,000 people in the past eight weeks, the company said Thursday, providing new career opportunities to workers from such hard-hit sectors as restaurants, hotels and food service distributors. “Throughout the pandemic, Kroger’s top priority has been to provide and maintain a safe environment for our associates and

Kroger introducing Hero Bonus for employees

Kroger introducing Hero Bonus for employees

CINCINNATI — Kroger Co. will provide all hourly frontline grocery, supply chain, manufacturing, pharmacy and call center associates with a Hero Bonus – a $2 premium above their standard base rate of pay, the company said. The bonus will be applied to hours worked March 29 through April 18, and will be disbursed weekly to

Kroger reduced food waste footprint in 2018

Kroger reduced food waste footprint in 2018

CINCINNATI — Kroger Co. said Monday  that the company’s Zero Hunger | Zero Waste efforts reduced its supermarket food waste footprint – the overall food waste it produced – by 9% in 2018. Kroger’s progress was outlined in its 2019 Environmental, Social and Governance (ESG) report, also released on Monday. This is the company’s 13th

Kroger beats sales, earnings expectations

Kroger beats sales, earnings expectations

CINCINNATI — Kroger reported third quarter sales and earnings that topped analysts expectations, and the company said it was upbeat about its prospects for the holiday season. The supermarket retailer reported a 1.1% increase in same-store sales, excluding fuel, in the quarter. That topped an average analyst forecast of a 0.9% gain, according to Consensus

Leadership changes at Kroger

Leadership changes at Kroger

CINCINNATI — Kroger Co. on Tuesday announced the retirement of Central division president Katie Wolfram and the promotion of Pam Matthews, currently the QFC division president, to succeed her. Suzy Monford will join the company to succeed Matthews as the president of the QFC division. “We are grateful for Katie’s nearly 40 years of dedicated service