Kroger Names Ex-Walmart Executive Greg Foran as CEO, Shares Rally 6.8%
Kroger appointed Greg Foran, former Walmart U.S. executive, as its new CEO to succeed interim leader Ron Sargent and drive its growth strategy. The stock jumped about 6.8% in premarket trading, trading 12.9% above its 20-day moving average, and the company reaffirmed FY25 adjusted EPS guidance of $4.75–$4.80.
1. Greg Foran Named Kroger CEO
Kroger has appointed Greg Foran, who led digital initiatives at Walmart U.S. and served as CEO of Air New Zealand, as its permanent Chief Executive Officer, replacing interim leader Ron Sargent. The board cited his 40-year track record in retail turnarounds and digital transformation as key to advancing the company’s growth initiatives.
2. Stock Reaction and Momentum
Shares jumped 6.8% in premarket trading following the appointment, with the stock rising 12.9% above its 20-day moving average and trading closer to its 52-week high. Technical indicators show a neutral RSI near 68 and a bullish MACD crossover, suggesting mixed but positive momentum.
3. Guidance Reaffirmed and Outlook
Kroger reaffirmed its FY25 adjusted earnings per share guidance at $4.75 to $4.80 and confirmed the upcoming earnings call on March 5, 2026. Analysts’ consensus remains a Buy rating with an average price target of $71.88, highlighting confidence in the company’s premium valuation and growth prospects.