Kroger Names Greg Foran as CEO, Shares Surge 6.8%
Kroger shares jumped over 6.8% premarket after appointing Greg Foran as CEO, citing his turnaround record at Walmart U.S. and digital leadership. The company reaffirmed its FY25 adjusted EPS guidance of $4.75–4.80 and analysts forecast $1.20 EPS and $35.13 billion revenue for the upcoming quarter.
1. Leadership Change
The board appointed Greg Foran as CEO, succeeding Ron Sargent who served as interim since March 2025. Foran brings over 40 years of consumer retail experience, including a turnaround at Walmart U.S. and leading Air New Zealand’s digital transformation.
2. Market Response
Shares surged over 6.8% in premarket trading, trading 12.9% above their 20-day simple moving average and 10.1% above their 100-day simple moving average. A neutral RSI at 68.03 coupled with a bullish MACD signal highlights mixed but positive momentum.
3. Financial Outlook
The company reaffirmed FY25 adjusted EPS guidance of $4.75–4.80 per share. Analysts project $1.20 EPS and $35.13 billion revenue for the quarter ending March 5, implying a premium P/E of 59.7x alongside a buy consensus and a $71.88 average price target.