KROGER SETS OUTLAY HIKE AS QUARTER NET RISES

CINCINNATI -- Based on its assessment that its new stores have been successful against all forms of competition, Kroger Co. here said last week it will raise capital spending from previously announced levels.The company said it will increase capital spending by $158 million over the next three years. The disclosure came in the chain's report of financial results for the 12-week first quarter, in which

CINCINNATI -- Based on its assessment that its new stores have been successful against all forms of competition, Kroger Co. here said last week it will raise capital spending from previously announced levels.

The company said it will increase capital spending by $158 million over the next three years. The disclosure came in the chain's report of financial results for the 12-week first quarter, in which net income after an extraordinary item rose 24.7% to $59.1 million, sales jumped 2.

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