Kroger Co.

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Labor Issues, Other Pre-Announcement

Kroger Co Reaches Agreement With Local Unions To Improve Security And Stability Of Future Pension Benefits For Associates

Published: 05/21/2021 12:26 GMT
Kroger Co. (KR) - Kroger Family of Companies Reaches Agreement With Local Unions to Improve Security and Stability of Future Pension Benefits for Associates.
Kroger Co - No Impact to Adjusted Earnings per Diluted Share Or Adjusted Free Cash Flow Guidance for FY 2021.
Kroger Co - Some Associates Within Fred Meyer and Qfc Divisions Have Ratified an Agreement With Four Local Unions.
Kroger Co - Will Transfer Approximately $400 Million in Net Accrued Pension Liabilities, on a Pre-tax Basis, to Ufcw Consolidated Pension Plan.
Kroger Co - on an After-tax Basis, Approximately $310 Million Would Be Needed to Execute Transaction.
Kroger Co - Organization Will Incur a Charge to Net Earnings During Q1 of 2021.
Kroger Co - Charge to Net Earnings is Estimated to Be Approximately $0.40 per Diluted Share on a GAAP Basis in Q1.