Grocery chain Kroger’s board approves new $500 million share buyback program

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The Kroger Co.












KR, -0.34%










said Thursday its board has approved a new $500 million share buyback program. The new authorization will add to the $120 million remaining in the last program as of March 8. Shares were flat Thursday, but are down 23% in the last 12 months, while the S&P 500












SPX, +0.11%










has gained 19%.


Source: marketwatch.com