1206 ET - Kroger's CEO warns that the company's operating costs are growing faster than its sales. "That's not sustainable, and frankly, it's not acceptable," CEO Greg Foran says. "Taking costs out of this business is not optional," he adds. Part of the higher costs comes from the company's attempts to improve execution by investing in its staffing, with longer operating hours, better training and new uniforms, executives say. Cost reductions meanwhile should come from renegotiating with suppliers and finding ways to remove complexity and waste, the CEO says. "That means fewer organizational layers, smarter ways of working," he says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
June 18, 2026 12:06 ET (16:06 GMT)
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