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Kroger Company ( (KR) ) has shared an announcement.
Kroger Co. has terminated its merger agreement with Albertsons Companies after a court injunction blocked the merger. The company now plans to focus on its core strategies, including significant investments in lowering grocery prices, enhancing employee wages, and supporting local communities. Additionally, Kroger has launched a $7.5 billion share buyback program, signaling confidence in its financial health and commitment to returning capital to shareholders.
More about Kroger Company
Kroger Co. is a leading grocery retailer in the United States, serving over eleven million customers daily through its digital shopping experience and retail food stores. The company is dedicated to its purpose of feeding the human spirit, focusing on food inspiration, community upliftment, and the creation of #ZeroHungerZeroWaste communities.
YTD Price Performance: 35.98%
Average Trading Volume: 3,887,289
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $43.94B
Find detailed analytics on KR stock on TipRanks’ Stock Analysis page.
