Kroger (KR) said it expects to continue to generate strong free cash flow and remains committed to investing in the business to drive long-term sustainable net earnings growth, as well as maintaining its current investment grade debt rating. The company expects to continue to pay its quarterly dividend and expects this to increase over time, subject to board approval.
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Read More on KR:
- Kroger reports Q2 gross margin 22.5% of sales vs. 22.1% last year
- Kroger reports Q2 adjusted EPS $1.04, consensus $1.00
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