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Investor's Business Daily

Investor's Business Daily

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Kroger Stock Buybacks Resume After Albertsons Megamerger Blow

Investor's Business Daily
Summary
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Kroger announced a new $7.5 billion share repurchase program late Wednesday .

The new buyback plan replaces Kroger 's existing $1 billion authorization, which was approved in September 2022 .

Many analysts and investors had anticipated a buyback announcement after the megamerger setback.

Kroger stock popped 5.1% on Tuesday , rebounding from its 50-day moving average and returning to the buy zone.