Kroger's Board of Directors Approves Additional $2.0 Billion Share Repurchase Authorization

Core Viewpoint - The Kroger Co. has approved an additional $2.0 billion share repurchase authorization, reflecting the Board's confidence in the company's growth outlook and financial health [1][2]. Share Repurchase Authorization - The new $2.0 billion authorization is in addition to the previously announced $7.5 billion, bringing the total available for share repurchases to approximately $2.9 billion as of December 23, 2025 [1]. - Kroger has repurchased about 35% of its outstanding shares since 2015, indicating a consistent strategy of returning capital to shareholders [2]. Capital Allocation Strategy - The company plans to fund share repurchases through cash generated from operations and existing liquidity while maintaining its investment-grade credit rating [2]. - Kroger aims to continue generating strong free cash flow and is committed to investing in business growth, with expectations of increasing quarterly dividends over time, subject to board approval [4]. Operational Flexibility - Under the share repurchase authorizations, Kroger may repurchase shares through various methods, including open market transactions and accelerated share repurchase transactions, with no expiration date on the authorizations [3]. - The timing of repurchases will depend on market and business conditions, and the company retains the option to suspend or discontinue repurchases at any time [3].