Kroger is buying back shares aggressively, especially with it trading at 9x 2012 earnings. That's better than 11% return on their investment. Also look for dividend to be raised later in the year, probably at least 52 cents annually. I work in the MidSouth Division and see weekly division sales and they are above 5% ids so far this quarter with 5 weeks left. That may be an indicator of the company enterprise-wide.
I shop at Kroger and I love their stores. Check out my blog: http://producedepartmentreport.blogspot.com I truly believe Kroger stores are superior, well put together retail stores. Surely there are fit little competitors who could give individual KR departments a run for their money, but not the whole company.