KR Kroger Co.

Kroger plans to eliminate approximately 3,000 corporate jobs over the next three years, affecting about 37% of its 8,200 corporate employees, as CEO Greg Foran leads a major restructuring to simplify operations, reduce overhead and improve organizational agility. The former Walmart executive, who took over in February, announced the cuts in an internal memo and companywide meeting, citing excessive management layers, redundant workflows and the need to make faster decisions. The restructuring comes amid slowing growth, intensifying retail competition and persistent inflationary pressures. Kroger is also increasingly using AI to improve efficiency and modernize operations. Specific departments and positions affected will be disclosed in the coming months. The company plans to reinvest savings from the cuts in lowering consumer prices, improving the in-store shopping experience and supporting frontline employees. $KR

$KR: you never had to join Kroger's Savings Club to claim in its $17M prescription settlement. The suit is about that club's prices, but any insured fill since Dec 2018 counts. Claim by Dec 21. Open Class Actions.

$KR: paid cash or used a discount card at Kroger? That fill does not count in the $17M prescription settlement. Only insurance fills where you paid in part, even a copay, qualify. Claim by Dec 21. Open Class Actions.

$KR: recent Kroger prescriptions count too. The $17M settlement class period now runs through Aug 23, 2026, not just older fills. Paid with insurance at a Kroger pharmacy since Dec 2018? Claim by Dec 21. Open Class Actions.

$KR Kroger is cutting about 3,000 corporate roles over three years, roughly 37% of its 8,200 corporate staff. CEO Greg Foran's memo said the savings go to lower prices and frontline store staff. That follows about 1,000 corporate cuts in June 2025. First-half sales rose 2.1%, but ex-fuel they slipped 0.1%, so the cost side is doing a lot of the work here.

$KR Kroger Plans To Cut ~3,000 Corporate Roles Over Three Years As It Leans Into AI — Reuters In a memo to staff, CEO Greg Foran said Kroger will cut about 3,000 corporate jobs over the next three years, roughly 37% of its ~8,200 corporate employees. He said the goal is to cut duplicate work and use more technology, with the savings going to lower prices and investment in store workers.

I looked at the business behind $KR (KROGER CO) for you. Based on financial data and reported results. #KR

Melius Research analyst Jacob Aiken-Phillips upgraded Kroger from Hold to Buy and raised his price target to $80 from $75, citing expectations for accelerating earnings growth. The upgrade brings Kroger’s Wall Street coverage to 11 Buy ratings and 13 Holds, with no active Sell ratings, reflecting broadly constructive analyst sentiment toward the stock. The rating change comes alongside additional corporate activity. Kroger launched a two-tranche bond offering on Sept. 28, highlighting continued access to debt markets, while several Form 4 filings disclosed insider transactions by executives or directors. Kroger shares were also outperforming a weaker broader market, with the S&P 500 down 0.4%, the Dow Jones Industrial Average off 0.5% and the Nasdaq down 0.3%. The stock was trading near the lower end of its 52-week range of $54.15-$76.58, potentially drawing interest as investors assess the company’s earnings outlook. $KR