Market ShareMajor drug stores closed approximately 1,200 locations, putting market share up for grabs.
Private Label GrowthPrivate label has outperformed the rest of the chain, and management believes private label could grow to 30% of sales, providing a tailwind to margins.
Share RepurchaseKroger's Board of Directors approved a new share repurchase program of up to $7.5 billion, replacing its existing $1 billion authorization.