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Kroger to Acquire Giant Eagle for $1.65B, Adding 197 Stores

7/6/2026

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Summary

Story summary

Kroger Co. signed a definitive agreement on July 1 to acquire Giant Eagle for $1.65 billion, pending FTC approval, with completion expected in 2027.
The deal adds 197 stores in five states to Kroger’s portfolio.
Analysts label the acquisition a strategic “master stroke.”
Kroger generates about $150 billion in annual revenue while Giant Eagle contributes roughly $9 billion.

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Story summary

Kroger Co. signed a definitive agreement on July 1 to acquire Giant Eagle for $1.65 billion, pending FTC approval, with completion expected in 2027.
The deal adds 197 stores in five states to Kroger’s portfolio.
Analysts label the acquisition a strategic “master stroke.”
Kroger generates about $150 billion in annual revenue while Giant Eagle contributes roughly $9 billion.