Kroger cites PL as contributor to 3Q profit - private label sales up - Brief Article - Statistical Data Included

DSN Retailing Today, Oct 22, 2001 by Mike Duff

Net total debt was $8.5 billion, an increase of $391 million as compared with the second quarter of 2000. Net total debt improved to 2.3 times EBITDA, as compared with 2.5 times in 2000. This represents its lowest debt-to-EBITDA ratio since the merger with Fred Meyer. Kroger's goal is to reduce debt to 2.0 times EBITDA.

Acquisition synergies, expansion of private labels and the benefits of centralized purchasing should boost gross margin by about 15 basis points this year to 27.2%, J.P. Morgan analyst Margaret Cannella said.

COPYRIGHT 2001 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2001 Gale Group

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale