Content about Kroger Co.

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Cincinnati -- Kroger Co. on Thursday raised its full-year forecast and also projected earnings growth for its next fiscal year that was ahead of long-term goals even as its profit slipped 2% in the third quarter.

The chain reported profit of $195.9 million profit for the quarter ended Nov. 5, down from $202.2 million a year earlier. Still, its results topped Wall Street expectations.

Cincinnati -- Kroger Co. will hold a moment of silence of September 11, 2011, in its 2,449 stores nationwide. Stores located in the Eastern Time zone will pause for a moment of silence to remember the victims and honor the heroes of the 9/11 tragedy at 8:46 a.m., the time when American Airlines Flight 11 struck the World Trade Center's north tower ten years ago.

Because of the time difference, Kroger's stores in Central, Mountain and Western Time zones will pause for a moment at a locally-designated time on Sunday morning.

New York City -- Kroger Co. reported double-digit jumps in first-quarter revenue and net income, as the chain's fuel stations and loyalty discounts helped draw more frequent shoppers.

Kroger said net income rose to $432.3 million, up nearly 16% from $373.3 million, or 58 cents per share, a year ago. Revenue rose 11% to $27.5 billion. Same-sales rose 4.6%, excluding fuel sales.

Kroger has steadily expanded its gas business, now with more than 1,000 store gas stations at its nearly 2,500 stores.
 

New York -- Bombay Company said Kroger Co. has introduced select Bombay furniture, accessories and gifts at 180 of its stores, Furniture Today reported. 

The merchandise mix includes “mirrors, vases and novelty accents, as well as furniture pieces such as chairs, upholstered pieces, accent tables and iconic Bombay coffee tables," Bombay said in a release. 

New York City -- Smith’s Food & Drug Stores, a division of Kroger Co., has been recognized by the Utah Association of Energy Users as a leader in conservation and energy-use efficiency, The Salt Lake Tribune reported.

The chain, which received the “Outstanding Leadership in Energy Efficiency and Conservation” award on Wednesday at the 26th Annual Western States Energy Conference in Salt Lake City, was recognized for retrofitting its 132 stores in seven states with more efficient energy systems.

New York City -- Speaking at the Barclays Capital analyst conference in New York City on Tuesday, Kroger Co. chairman and CEO David Dillon said grocery prices are rising slightly. He also said the chain may benefit from rising fuel prices because the discounts it offers on gasoline could attract more shoppers.

Grocery prices have gone up approximately 2%, Dillon said, in what he called "the low side of moderate" inflation, since late last year as suppliers deal with higher commodity and energy costs, the Associated Press reported.

Cincinnati -- Kroger Co. said Thursday that its fourth-quarter net income jumped 9.2% while sales rose 7.4%. It also announced that its board authorized a $1 billion stock repurchase plan.

Net income was $278.8 million, compared with $255.4 million in the year-ago period. Quarterly revenue rose to $19.9 billion, with same-store sales up 3.8%.

Kroger offered a cautious outlook for the current year, saying rising fuel costs are likely to take a bite out of household budgets.

New York City -- Kroger Co. has named Sukanya Madlinger as president of the company’s Cincinnati/Dayton Division.

Madlinger replaces Geoff Covert, who was named senior VP retail operations for the Cincinnati-based grocery chain earlier this month. She has been VP merchandising for the Cincinnati/Dayton division since 2006.

Cincinnati -- A Monday report by the Cincinnati Business Courier said that Kroger Co. is planning to spend about $15 million to renovate four stores in the Cincinnati area in 2011.

The grocery retailer said it plans to renovate stores in Westwood, Madeira and Montgomery, Ohio, as well as a store in Cold Spring, Ky.

The Westwood and Montgomery locations are scheduled for renovation in the first half of 2011, while Kroger is still finalizing the renovation plans for the Madeira and Cold Spring stores.