The Kroger Co. (KR)

The company now

On 1 July 2026 Kroger agreed to acquire Giant Eagle, a family-owned grocer, for about $1.65 billion, made up of $1.25 billion in cash and about $400 million in assumed liabilities 5. The company expects the deal to close in 2027, once antitrust waiting periods end, and expects to divest a limited number of Giant Eagle stores to win regulatory clearance 5.

At an investor update on 20 October 2026, Kroger set a target of about 3% comparable sales growth in 2029, excluding fuel and pharmacy 4. It also targets 7% to 11% yearly growth in adjusted earnings per share from fiscal 2027 through fiscal 2029, leaving out the Giant Eagle deal 4.

The plan follows a slow quarter 3. In the second quarter ended 15 August 2026, identical sales without fuel, meaning sales in stores open a year or more, rose 0.2% 3. Kroger then cut its full-year range for that measure to 0.2% to 0.8% from 1.0% to 2.0% 3.

Two disputes are open 1213. Senator Elizabeth Warren wrote on 5 October to the Federal Trade Commission and the Justice Department about the Giant Eagle deal 12. A two-week Delaware trial over Albertsons' claim for a $600 million termination fee plus more than $8 billion in damages has just ended 13.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.