Kroger Adopts $1B Share Buyback Program

Kroger Co KR said its Board of Directors had authorized a new $1 billion share repurchase program.
The buyback plan replaces the current authorization, with about $157 million remaining as of December 29, 2021.
The share repurchase program has no expiration date but may be suspended or terminated by the Board of Directors at any time.
Kroger held $2.29 billion in cash and equivalents as of November 6, 2021.
Price Action: KR shares are trading higher by 1.66% at $45.45 in premarket on the last check Thursday.