Kroger reports Q1 2026 results; to buy Giant Eagle for ~$1.65B
Kroger posted Q1 2026 revenue of $34.62B and EPS $1.05, citing eCommerce and fuel strength and productivity cuts. It agreed to acquire Giant Eagle for about $1.65B, with modest price-target trims referenced.
Kroger Co. (NYSE:KR) reported Q1 2026 revenue of $34.62B and EPS $1.05, with eCommerce and fuel supporting sales and productivity cuts helping reduce costs. The company also said product-line cuts are a response to supplier talks and a shift toward store brands, and it will buy Giant Eagle for about ~$1.65B amid modest PT trims.