Adcock Mary Ellen sold $4.4M of KR

A think tank urges regulators to block Kroger's $1.65B acquisition of Giant Eagle, citing potential harm to consumers and workers. The deal, approved by Kroger's board, would expand Kroger's data collection and reduce competition, according to the study. Kroger would pay $1.25B in cash and assume $400M in liabilities. The FTC previously blocked Kroger's merger with Albertson's.

Kroger's CFO announced a $4B cost-savings plan by 2029, with $2B from cost of goods reductions via direct sourcing. The company will invest $5B in customer value, with new financial reporting starting in 2027. Capital expenditures will rise to $5B by 2029, focusing on stores, e-commerce, and automation. The Giant Eagle acquisition is on track to close in 2027, expected to be EPS accretive.

Albertsons and Kroger are in court over their failed $25B merger. Albertsons seeks $9.3B in damages, including a $600M termination fee, alleging Kroger didn't secure antitrust approval. Kroger argues the deal was doomed due to regulatory opposition. The outcome may impact future merger agreements.

Kroger (KR) and Albertsons' $24.6B merger collapsed in 2024 due to regulatory concerns. Albertsons now sues Kroger for billions, alleging failure to secure approval. The trial began in October 2026, with a decision potentially months away. The outcome could impact future retail mergers and regulatory strategies.

Kroger plans to invest $5 billion by 2029 to lower and simplify prices, starting with 250 stores by the end of 2026. The company aims to reduce complex promotions, increase store brand offerings, and fund the initiative through cost savings and reallocated marketing spend. Early tests showed increased sales and visits in pilot stores, according to the company.

Kroger's proposed $1.65B acquisition of Giant Eagle may expand its customer-data infrastructure, including loyalty records and purchasing histories, according to the American Economic Liberties Project (AELP). The deal could strengthen Kroger's retail-media business and enable more individualized offers or pricing. Kroger denies using facial recognition for pricing but acknowledges its use for security in some stores.