(RTTNews) - Supermarket chain The Kroger Co. (KR) plans to eliminate approximately 3,000 corporate positions over the next three years, Bloomberg reported, citing a staff memo from Chief Executive Greg Foran.

Kroger Reportedly To Cut About 3,000 Corporate Jobs Over Three Years 

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KR's low valuation, resilient earnings and digital growth offer support, but slower identical sales and rising costs keep the near-term outlook balanced.

Is Kroger Stock a Buy as Value Meets Slower Comparable-Sales Growth?

KR's 20% e-commerce growth and improving digital profits support its mix, but softer identical-sales guidance and cost pressures cloud fiscal 2026.

Can Kroger's Digital Growth Offset Its Softer Fiscal 2026 Sales View?

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. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and its multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The company's marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and its price impact warehouse stores provide grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets and online; and sells fuel through its fuel centers. The company sells its products through its stores, fuel centers, and online platforms. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.

The Kroger Co. News