Kroger remains a Buy as the company shows resilience with 5% adjusted EPS growth in Q2 despite challenges from outbreaks. E-commerce sales grew 20%, and net debt remains manageable at 1.91x EBITDA. The new CEO is driving a turnaround strategy emphasizing cost savings, including about 3,000 corporate job cuts and AI efficiencies, to support price cuts and store investments. Although the Albertsons merger risk lingers, Kroger's current valuation is well below its intrinsic value, making it an attractive investment opportunity with a strong margin of safety.
Kroger shares are trading at USD 62.95 on Pluang, showing a slight decline of 0.22% in the past day. The stock remains popular among investors with 80% of order activity being buys as of Oct 16, 2026 02:21 WIB.
Kroger announced it will cut 37% of its corporate workforce, about 3,000 jobs, attributing the layoffs to increased efficiency from AI technology. CEO Greg Foran emphasized that AI is helping make management work faster and more efficient amid rising...
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Kroger is promoting vaccination by offering flu, COVID-19, RSV, and other routine vaccines at over 2,200 pharmacies across 35 states. Customers can schedule appointments online or walk in, with most insured patients receiving vaccines at no cost. Kro...
