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Kroger to Close Nearly 60 Stores Nationwide Over 18 Months as Part of Strategic Realignment
The closures affect around 5% of Kroger-branded locations and are expected to yield modest financial benefits.
Kroger Co. (NYSE: KR) announced that it pl ans to close nearly 60 grocery stores across the U.S. over the next 18 months.
The planned closures represent about 5% of the Cincinnati-based company's 1,239 Kroger-branded locations operating in 16 states, according to a report by CBS. The retailer has not yet disclosed which specific stores will be affected.
The announcement was included in a regulatory filing tied to the company's fiscal first-quarter 2025 results. Kroger said it recognized an impairment charge of $100 million in connection with the store closures and expects a modest financial benefit as a result.
"In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months. As a result of these store closures, Kroger expects a modest financial benefit," the company stated in its filing.
To support impacted workers, Kroger said it will offer roles at other store locations to all associates currently employed at the closing sites.
The decision to shutter stores coincides with Kroger's release of its Q1 2025 financial results , which the company described as "solid." Identical sales, excluding fuel, rose 3.2%, with total sales hitting $45.12 billion, slightly below Wall Street’s expectations of $45.38 billion, according to analysts surveyed by Zacks Investment Research.
Operating profit for the quarter was $1.32 billion, while adjusted FIFO operating profit came in at $1.52 billion.
The closures follow the collapse of Kroger's proposed merger with Albertsons , which was set to become the largest supermarket merger in U.S. history. The deal fell through in December, just under a year after being announced.
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