Kroger board approves additional $2 billion share repurchase authorization

The Kroger Co. (NYSE: KR) announced its board of directors approved an additional $2 billion share repurchase authorization on December 23, 2025, adding to the $7.5 billion authorization announced in December 2024.

With the new authorization, Kroger has approximately $2.9 billion available under its share repurchase programs as of December 23, 2025, according to a company statement.

"This additional authorization reflects the Board's confidence in Kroger's strong growth outlook and balance sheet," said Ron Sargent, Kroger's chairman and CEO. "Kroger continues to generate durable free cash flow and remains committed to disciplined capital allocation – investing in opportunities that strengthen our business and returning capital in a way that maximizes long-term value for shareholders."

The company plans to fund share repurchases with cash generated from operations and existing liquidity while maintaining its investment-grade credit rating. Kroger has repurchased approximately 35% of its outstanding shares since 2015.

Under the authorization, Kroger may repurchase common shares through open market or privately negotiated transactions, including accelerated share repurchase transactions, block trades, or pursuant to SEC Rule 10b5-1 trading plans. The authorization has no expiration date, and the timing of repurchases will depend on market and business conditions.

The Cincinnati-based grocery retailer stated it expects to continue generating free cash flow and remains committed to investing in business growth while maintaining its investment-grade debt rating. The company also expects to continue paying quarterly dividends with potential increases over time, subject to board approval.

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