Kroger announces agreement to acquire Giant Eagle
The $1.65 billion deal includes cash and assumed liabilities, expected to close in 2027.
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American supermarket chain and retail pharmacy operator
thekrogerco.comLast updated
In short: Kroger expanded its market presence with a $1.65 billion acquisition of Giant Eagle and faced significant legal settlements over emissions.
The $1.65 billion deal includes cash and assumed liabilities, expected to close in 2027.
Identical sales without fuel increased 1%, and adjusted EPS rose to $1.58.
Massa will retire on September 18 after 16 years at Kroger and over three decades in HR.
She began as a clerk and rose through leadership roles, impacting associates across the company.
The grocery chain promised 100% cage-free eggs by 2025 but later revised its goal to 70% by 2030, drawing criticism from animal welfare groups.
Kroger Co. is poised to climb in the national grocery market share rankings.
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