Kroger (KR +4.3%) raises its long-term EPS estimates, saying it now expects profits to grow at a...

|About: Kroger Co. (KR)|By:, SA News Editor

Kroger (KR +4.3%) raises its long-term EPS estimates, saying it now expects profits to grow at a 8%-11% clip, up from prior guidance of 6%-8%. Mobile and digital channels as well as new store formats are expected to help boost results. The company also approved a $500M share repurchase program to replace an existing program that still had $340M remaining. (Previous: Jefferies ups to Buy)