Kroger Sets 2029 Targets: ~3% Comp Sales Growth, 3%-6% EBITDA CAGR
KR sits 19% above its 52-week low of $54.15.
Summary
At its investor update, Kroger laid out 2029 targets of roughly 3% comparable sales growth excluding fuel and pharmacy, 3%-6% adjusted EBITDA CAGR and 7%-11% adjusted EPS growth, a new EPS target that measures earnings growth alone and replaces the previous 8%-11% total shareholder return target. That is a sharp step up from the 0.2%-0.8% identical sales guidance it cut to in September, so management is asking investors to look past the current consumer slump. The plan leans on the 3,000 corporate role cuts (37% of the 8,200 corporate workforce) announced October 12 and AI-driven cost savings, with savings also to come through more direct sourcing, disciplined purchasing, streamlined processes and a more scalable operating model, plus the $1.5 billion senior notes priced September 28. Kroger reaffirmed its guidance for 2026 and said its capital allocation strategy remains unchanged. Traders will weigh whether a multi-year target this far out is credible given the recent guidance cut; the near-term numbers still govern the stock.
At the time of this announcement, KR was trading at $64.23 on NYSE in the Trade & Services sector, with a market capitalization of approximately $37.2B. The 52-week trading range was $54.15 to $76.58. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.