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grumpy1


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kroger in the business world
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Overall Q2 Sales Up 6% at Kroger

The Kroger Co. reported total sales increased 6.0 percent to $18.8 billion in the second quarter of fiscal 2010, versus $17.7 billion for the same period last year.

Krogers sales have remained solid in the face of competitive and economic challenges because of the strong credibility we have with our shoppers. Our team understands the importance of finding ways to make each customer visit better than the last one, resulting in consistent positive identical supermarket sales growth, said David Dillon, chairman and CEO of the Cincinnati-based grocer. We continue to build momentum through our Customer 1st strategy, which serves Kroger customers, associates, shareholders and communities well in a variety of operating environments.

Excluding fuel sales, total sales increased 3.3 percent in the second quarter, which ended Aug. 14, over the same period last year. Identical supermarket sales, without fuel, increased 2.7 percent in the second quarter over last year.

Net earnings for the second quarter totaled $261.6 million, or 41 cents per diluted share. Net earnings in the same period last year were $254.4 million, or 39 cents per diluted share.

Capital investment, excluding acquisitions and purchases of leased facilities, totaled $402.5 million for the second quarter, compared with $518.0 million for the same period last year.

During the second quarter, Kroger invested $148.3 million to repurchase 7.3 million shares of stock at an average price of $20.43 per share. At the end of the quarter, approximately $409.2 million remained under the $500 million stock repurchase program announced in June 2010.

For the first two quarters of fiscal 2010, total sales were $43.6 billion compared with $40.5 billion for the same period last year. Excluding fuel sales, total sales increased 3.2 percent over the prior year. For the same period, identical supermarket sales, excluding fuel, increased 2.6 percent.
 

The company said it continues to expect identical supermarket sales growth, excluding fuel, of 2 percent to 3 percent for the year. Kroger still expects to invest up to $2.1 billion in capital projects in fiscal 2010.

We are committed to achieving solid financial results today while we invest in the future growth of Krogers business. As we move into the second half of the fiscal year, we are striving to achieve results in the top half of our earnings guidance range, even as the operating environment remains uncertain, Dillon said. Our talented associates are energized and focused on delivering a great experience in our stores for shoppers as we enter the holiday season.

Kroger operates 2,468 supermarkets and multidepartment stores in 31 states under two dozen local banner names including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Frys, King Soopers, QFC, Ralphs and Smiths.
 



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grumpy1


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http://supermarketnews.com/video/supermarket-outlook-0910/

What experts are saying about Kroger and the compitition



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Fat Boy


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OK, am I an idiot? Or did they not even mention kroger? Plus they both looked a little like the uncle in your family photos that everyone is a few steps away from. But ehh I think next monday they will be talking about kroger, and other stores.

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grumpy1


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http://www.retailerdaily.com/entry/53922/supermarket-update/?utm_source=rd&utm_medium=email&utm_content=textlink&utm_campaign=newsletter

The strikingly different same-store sales performance of national supermarket chains Kroger and Supervalu reflect the upheaval the supermarket vertical is undergoing. However, despite pressure from discount chains (especially Wal-Mart), warehouse clubs and dollar stores producing varied results among vertical leaders Kroger and Supervalu, both are pursuing store expansion.

Kroger Dominates, Expands Markets

Kroger has reported at least moderate growth in every quarter since Q1 2008. In its recently concluded Q2 fiscal 2010, Kroger reported a same-store sales improvement of 3.3%. Net earnings for the second quarter totaled $261.6 million, or 2.8% higher than $254.4 million in Q2 fiscal 2009. Yet in that time frame, Kroger has never increased its net store count by more than 0.2% in any quarter, and actually decreased net store count by 0.2% in both Q1 and Q2 2009.

However, Kroger appears to be starting a more aggressive approach toward opening, renovating and relocating stores in key markets. For example, Kroger has successfully captured the supermarket business of at least two major metropolitan areas: Lexington and Louisville, KY. As reported by Supermarket News, Kroger has taken a dominant market position in these two areas, driving out many chain and independent competitors. Kroger, headquartered in nearby Cincinnati, OH, is heavily focusing on local customer preference and renovating and relocating stores.

Kroger is also expanding on both coasts. According to Supermarket News, the retailer plans to open two new stores in food desert areas of Oakland, CA by 2012, under its FoodsCo budget banner. Kroger also plans to expand its store footprint in and around the Richmond, VA area during the next three years. As reported by the Richmond Times-Dispatch, plans include the remodeling of about 12 existing stores, as well as the opening of three new fuel stations and two new supermarkets. 

In another sign of confidence, Kroger recently confirmed its identical supermarket sales and earnings guidance for fiscal 2010.  The company said it continues to expect identical supermarket sales growth, excluding fuel, of 2% to 3% for the year. Kroger will continue following what it calls a customer-first strategy.



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Anonymous

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You can only go to the well so many times before it dries up.

More profits will be made by cutting employees throats cause you can';t hold a Uzi to the customers head and make them buy stuff.


Personally I hope Kroger goes belly up and Publix and  Walmart kicks they're a$$ all over the block.

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grumpy1


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> Toledo Kroger Employees Approve New Pact

Toledo Kroger Employees Approve New Pact

Sep 21, 2010 4:59 PM, By SN STAFF

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TOLEDO, Ohio Associates of Kroger's Columbus Division here have ratified a new contract with United Food and Commercial Workers Local 75, the Cincinnati-based retailer said Tuesday.

The agreement covers approximately 3,000 workers in Toledo and Northwest Ohio working in 26 stores and 12 fuel centers. "We thank our associates for their service to our customers during this process and every day," Bruce Macaulay, president of Kroger's Columbus Division, said in a statement. "This agreement provides our associates one of the best total compensation packages in our industry. It includes good wages, high-quality affordable health care and a pension when they retire."

Local 75 in a statement said highlights of the deal include improvements to the health and welfare plan, such as birth control pills and a new maintenance drug program. It was approved by a 70% majority, the union said.



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grumpy1


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http://www.progressivegrocer.com/top-story-kroger__shell_expand_gas_rewards_program-30497.html

Yesterday
Kroger, Shell Expand Gas Rewards Program

The Kroger Co. and Shell are expanding their rewards program in Houston; Seattle; Portland, Ore.; Phoenix; Boise; and some other smaller markets beginning next Monday. The program, which began in February, lets customers use points earned on their Kroger Plus card or other Kroger-affiliated cards for discounts on gasoline at participating Shell stations.

Almost 4,000 Shell stations across the United States already use the rewards program that was originally launched in February 2010. The Kroger fuel rewards program with Shell is rapidly garnering customer attention and adoption in the 49 markets where the program has been successfully rolled out, including Cincinnati; Dallas; Detroit; Indianapolis; Jackson, Miss.; Little Rock, Ark.; Louisville, Ky.; Nashville, Tenn.; Raleigh, N.C.; Richmond, Va.; and San Diego.

"Kroger's loyalty card program is unmatched in the industry, providing customers the best possible shopping experience," said Jeff Fike, director of customer relationship management & development at Cincinnati-based Kroger. "Teaming up with Shell allows us to provide even more savings and rewards to our customers, which we know is important, with the economic challenges our customers face."

"Our participation in this program is helping our customers fill their gas tanks for less," added Dan Little, North America fuels marketing manager for Shell Oil Products U.S. "This program stretches customer's grocery dollars by allowing them to redeem reward points for meaningful savings."

The fuel rewards program provides Kroger banner shoppers the opportunity to save on fuels at participating Shell stations, including Shell Nitrogen Enriched Gasolines, when using their Kroger family of stores loyalty cards at the supermarket register. Customers in the participating markets can save a minimum of 10 cents per gallon for every 100 Fuel Points earned at Kroger stores when they use their loyalty cards. Customers are able to redeem their Fuel Points exclusively at participating Shell stations and Kroger Fuel Centers, up to 35 gallons per fuel purchase.

Customers earn one Fuel Point for every dollar spent on most items at participating Kroger family of stores when they use their Kroger Plus Card or other Kroger family of stores loyalty card. Fuel Points will be automatically added to Kroger Plus Card or other Kroger family of stores loyalty card accounts and will be reflected on customers' grocery receipt after every purchase. Fuel Points must be used during the month they are earned or by the end of the following calendar month.



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Anonymous

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grumpy1 wrote:

 

> Toledo Kroger Employees Approve New Pact

Toledo Kroger Employees Approve New Pact

Sep 21, 2010 4:59 PM, By SN STAFF

TOLEDO, Ohio Associates of Kroger's Columbus Division here have ratified a new contract with United Food and Commercial Workers Local 75, the Cincinnati-based retailer said Tuesday.

The agreement covers approximately 3,000 workers in Toledo and Northwest Ohio working in 26 stores and 12 fuel centers. "We thank our associates for their service to our customers during this process and every day," Bruce Macaulay, president of Kroger's Columbus Division, said in a statement. "This agreement provides our associates one of the best total compensation packages in our industry. It includes good wages, high-quality affordable health care and a pension when they retire."

Local 75 in a statement said highlights of the deal include improvements to the health and welfare plan, such as birth control pills and a new maintenance drug program. It was approved by a 70% majority, the union said.

 



all I got to say about that is 'whoop de doo'  I don't need birth control, I need a damn raise!  I think many of us would agree that money is more important than helping someone who can't keep their legs together!  but here they go again helping one or two individuals instead of helping the entire lot.  And as always they accepted it!!!! why is it that we cannot deny these things?  do we not give a crap anymore and just accept whatever lousy offer they throw at us?  Recently our department backups were given $0.50 raise,  well way to go, you scratched the back of a pointless position instead of helping the one's who do the work



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herbert


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all I got to say about that is 'whoop de doo'  I don't need birth control, I need a damn raise!  I think many of us would agree that money is more important than helping someone who can't keep their legs together!  but here they go again helping one or two individuals instead of helping the entire lot.  And as always they accepted it!!!! why is it that we cannot deny these things?  do we not give a crap anymore and just accept whatever lousy offer they throw at us?  Recently our department backups were given $0.50 raise,  well way to go, you scratched the back of a pointless position instead of helping the one's who do the work

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grumpy1


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Kroger Cautious on Acquisitions, Economy

Sep 29, 2010 5:20 PM, BY JON SPRINGER

CINCINNATI Officials of Kroger Co. here on Wednesday reiterated a cautious outlook on acquisitions, saying that high prices or low quality has kept the retailer out of the market despite interest in a merger.

"What we've seen is the people who selling any assets that are good enough quality we would want, still have some big idea of a big multiple in their head," David Dillon, Kroger's chairman and chief executive officer, told analysts at an investor conference here on Wednesday. "And frankly, if we're going to spend money for something at a multiple today, we don't have to look much further than buying our own stock, which is a good buy today in my view."

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Kroger Bullish On Sales
CINCINNATI In the wake of strong second-quarter results, Kroger Co. here is optimistic about sales for the rest of the year, Dave Dillon, chairman and...

Dillon added he would be "surprised" to see Kroger tackle a new store format, saying the company was focused primarily on tying together its existing formats and focusing on their evolution.

Dillon acknowledged the customer is in a "funk" and the "economy is still giving us interesting challenges," but Kroger reiterated its annual earnings guidance, saying a focus on loyal customers and key components of its "Customer 1st" strategy were helping it to gain on competitors over the long term.

 

Read More of Today's Headlines



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Anonymous

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biggrin Ok Grumpy.....come clean...you have to be a Manager, maybe even an Exec hangin' out with the common folks! Which is it?

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grumpy1


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Anonymous wrote:

biggrin Ok Grumpy.....come clean...you have to be a Manager, maybe even an Exec hangin' out with the common folks! Which is it?


Nope I am just a meat department manager of a small kroger store in Mckinney Texas. Been with Kroger for a little over 20 years. I am a shop steward and active in the local ( ufcw 540) union and have been on a few contract negotiation committees.  I have enough problems trying to manage a small department with high turnover and people that does not want to work or move at a turtle speed. No way in hell would I want to work in Management of any store. besides It would end up a pay cut to go into Co-management and higher.



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