Kroger Outlines Plan to Build America's Favorite Grocer and Introduces New Long-Term Financial Targets
PR Newswire•20/10/2026•06:45 ET
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Key Highlights
- ➤2029 comparable sales target approximately 3%, excluding fuel and pharmacy
- ➤Adjusted EBITDA targeted to grow 3%-6% annually through 2029
- ➤Adjusted net EPS targeted to grow 7%-11% annually through 2029
- ➤Kroger reaffirms 2026 full-year guidance
- ➤New EPS target replaces prior 8%-11% total shareholder return target
Expert Statements
Greg Foran, CEO of Kroger
“Kroger has a clear opportunity to unlock our full potential and build America’s Favorite Grocer”
Greg Foran, CEO of Kroger
“We are making value more visible and focusing resources closer to the customer where we see the highest returns. With our customers at the center, we are simplifying and modernizing our business to deliver a great customer experience and provide long-term value to our shareholders.”
David Kennerley, CFO of Kroger
“Our financial framework reflects our renewed focus on the core grocery business and provides a clearer line of sight from operating performance to shareholder value,”
David Kennerley, CFO of Kroger
“We are targeting higher sales by 2029, with stronger adjusted EBITDA and adjusted EPS growth over the next three years. We remain focused on delivering customer value in a fully self-funded way, prioritizing high-return investments and disciplined cost savings so we can expand margins over time while continuing to invest in growth.”
Kroger Outlines Plan to Build America's Favorite Grocer and Introduces New Long-Term Financial Targets PR Newswire
Targets approximately 3% comparable sales growth excluding fuel and pharmacy in 2029, 3%-6% adjusted EBITDA growth and 7%-11% adjusted net EPS growth through 2029
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