• 10
  • 1
  • 收藏

Kroger stock rises after new $1 billion stock buyback program authorized

Dow Jones2021-12-30

Shares of Kroger Co. rose 1.1% in premarket trading Thursday, putting them on track for a fourth-straight gain, after the supermarket operator announced a new $1 billions stock repurchase program.

The company said the new program replaces the current program, which had about $157 million remaining.The new program represents roughly 3% of Kroger's market capitalization of about $32.87 billion as of Wednesday's stock closing price.

"Kroger's share repurchase authorization reflects our board of directors' confidence in the strength of our free cash flow and our ability to deliver consistently strong and attractive total shareholder returns," said Chief Executive Rodney McMullen.

The stock has rallied 40.8% this year, while the S&P 500 advanced 27.6%.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论1

 
 
 
 

热议股票

 
 
 
 
 

7x24