Shares of Kroger Co. (KR) climbed 6% on Monday after the supermarket chain announced the appointment of a new Chief Executive Officer.
The stock is currently trading at $71.87, up $4.37 or 6.47%, on the NYSE. The stock opened at $71.25 after closing Friday at $67.50. The stock has traded between $58.60 and $74.90 over the past 52 weeks.
Kroger said its board has appointed Greg Foran as CEO, effective immediately. Foran will also join the company's board and succeeds Ron Sargent, who had served as interim CEO since March 2025. Sargent will continue as chairman to support a smooth transition.
Kroger also reaffirmed its previously issued fiscal 2025 guidance, reaffirming confidence in its near-term outlook.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.