KROGER PLANS $850 MILLION ANNUAL OUTLAY THROUGH 1998

CINCINNATI -- Kroger Co. here plans to boost capital expenditures to about $850 million this year and in each of the next two years -- the largest capital commitment in the company's 113-year history, Joseph A. Pichler, chairman and chief executive, told shareholders at the chain's annual meeting here. Kroger initiated an accelerated investment program three years ago "and the returns from these earlier

CINCINNATI -- Kroger Co. here plans to boost capital expenditures to about $850 million this year and in each of the next two years -- the largest capital commitment in the company's 113-year history, Joseph A. Pichler, chairman and chief executive, told shareholders at the chain's annual meeting here. Kroger initiated an accelerated investment program three years ago "and the returns from these earlier investments have been outstanding," according to Pichler.

"Kroger is successfully

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