Kroger (KR) Stock News

Kroger said it expects to start communicating decisions about affected roles in the coming months. The statement suggests potential job cuts or restructuring. No further details were provided.

Kroger is reducing its workforce to allow for continued investment in frontline associates.

Kroger introduced a new co-branded credit card offering up to 5X points on online purchases, 4X at its fuel pumps, and up to 3X in-store. The card includes a $100 welcome bonus, free Boost Essential membership, and a $10 birthday reward. Points never expire and are linked to the Kroger loyalty account.

Colleen Lindholz, president of Kroger Health, will retire after more than three decades at Kroger. She led the division since 2017 and was the architect of the company's Food as Medicine strategy. No successor has been named.

Kroger has declared a quarterly dividend of $0.39 per share. The dividend is payable December 1, 2026.

Kroger reported a Q2 EPS beat and solid profit metrics, but cut its full-year identical sales growth forecast to 0.2%-0.8% from 1.0%-2.0%. The weak comps point to slowing core demand even as operating profit and cash flow targets remain intact.

JPMorgan cuts Kroger’s target price to $62 from $63.

Kroger: it and Instacart have launched a service allowing customers to shop for groceries and prescriptions in a single delivery order, available across nearly all Kroger banners.