Kroger down after report of price cut plans

Costco Wholesale

21/05/2026 15:04

** Shares of grocer Kroger KR.N fell 3% to $66.49

** KR's new CEO Greg Foran is looking at big price cuts in order to win back market share and take on competitors like Walmart WMT.O, Costco COST.O and Amazon.com AMZN.O - Bloomberg News reports

** Co is laying the groundwork for lower prices across product categories, according to the report

** As of last close, KR up ~10% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))