Added to YB: 2026-10-15
Pitch date: 2026-10-13
KR [neutral]
The Kroger Co.
+3.16%
current return
Author Info
No bio for this author
Company Info
The Kroger Co. operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses.
Market Cap
$36.9B
Pitch Price
$61.16
Price Target
N/A
Dividend
2.49%
EV/EBITDA
6.67
P/E
36.36
EV/Sales
0.40
Sector
Consumer Staples Distribution and Retail
Category
turnaround
Kroger Will Cut a Third of Headquarters by 2029. In a Business That Keeps Two Cents per Dollar, That Is Plan B.
KR (monitor): Kroger’s plan to cut more than one-third of corporate staff over three years is Plan B after the roughly $25B Albertsons merger was blocked: create operating leverage internally rather than buy scale. On FY24 sales of ~$147B and net income of ~$2.7B, each 10 bps of margin is roughly $150M, with retail media adding a higher-margin engine. The unresolved issue is whether savings reach shareholders or fund price competition — and whether identical sales hold as cuts proceed.
Read full article (5 min)