00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Kroger CEO Greg Foran is reshaping the grocery chain with a tougher focus on low prices,
00:07cost cuts, and supplier negotiations as it works to win back shoppers,
00:10according to the Wall Street Journal. Foran, who previously led Walmart's U.S. business,
00:15wants Kroger to move away from temporary promotions and offer more everyday low prices.
00:19The company has cut corporate jobs, closed underperforming stores, and hired several
00:23former Walmart executives. Kroger's annual profit fell 62% in 2025 to $1.01 billion,
00:30while its stock has declined about 10% over the past year. Kroger is seeking more leverage with
00:35major suppliers, and it stopped buying Red Bull after a pricing dispute, while its energy drink
00:40sales have still risen without the brand. Foran said fewer than half of the more than 100 Kroger
00:45stores he visited were in very good condition and described the company's revamp as a multi-year
00:50effort. For all things money, visit Benzinga.com.
