Highlander Parent Kroger Earnings Up 10%

The nation's largest traditional grocery store operator says it earned 47 cents a share -- a nickel more than a year ago, but down one cent from analysts' forecasts.

At the same, the company confirmed its fiscal year 2007 earnings guidance of between one dollar 60 cents and a dollar-65 a share. And it announced a $1 billion stock buyback program to replace the $500 million dollar buyback announced last year.

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