By Michael Dabaie

Kroger Co. (KR) said its board approved a new stock buyback program.

The retailer said its board approved a $1 billion share repurchase program, replacing the existing authorization that has about $546 million remaining.

Shares were up 3% premarket to $25.69.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

November 05, 2019 08:16 ET (13:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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