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

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)
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