Kroger (KR) to Merge Four Pension Plans Into New Fund, Will Boost FY12 EPS by 4-6c/Share

December 15, 2011 9:11 AM EST
Kroger (NYSE: KR) announces agreement with UFCW to merge four pension plans into a new fund effective January 1st, 2012.

The retailer will contribute about $650 million to the fund in January and incur a charge during the fourth quarter of about $0.73 per share.

The plan will reduced FY12 pension expense, and increase FY12 EPS by about $0.04-$0.06 per share. The Street is currently looking for FY12 EPS of $2 even.

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