Kroger Eyes New Markets

Kroger expects to increase capital spending by an incremental $200 million annually and increase its focus on improving its return on invested capital and on expanding gross margins.

NEW YORK — Declaring confidence in its momentum but fed up with a stagnating stock price, Kroger last week detailed a plan to boost its annual earnings growth in part by increasing capital spending and growing square footage in new and existing markets.

Speaking at an investor conference here, David Dillon, Kroger’s chairman and chief executive officer, said the company has raised its long-term, fully

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