CINCINNATI — Kroger Co.'s long climb back to financial fitness reached a milestone last week when the company said it would no longer need to devote a third of its cash to servicing debt. Instead, Kroger officials announced a more shareholder-friendly financial strategy of using its free cash to fund the repurchase of up to $1 billion in company stock, and to fund a quarterly dividend. The move, which enhances Kroger's financial and strategic flexibility, met the approval of rating agency ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.