Kroger provides a strategy and guidance update at its Investor Day event

Kroger Co. (KR) is in the spotlight on Tuesday as it hosts an Investor Day event in New York City. Management plans to outline a multi-year plan to build America's favorite grocer and accelerate growth. The company also reiterates its guidance for full-year 2026 provided at its second quarter earnings.

"Kroger has a clear opportunity to unlock our full potential and build America's favorite grocer," stated CEO Greg Foran ahead of the event. "We are making value more visible and focusing resources closer to the customer where we see the highest returns. With our customers at the center, we are simplifying and modernizing our business to deliver a great customer experience and provide long-term value to our shareholders," he added.

Kroger's (KR) updated strategy centers on three pillars, with a clear focus on execution and the customer at the center. Those pillars are to win with the customer, drive profitable digital growth, and modernize.

The Cincinnati-based company expects to generate savings through more direct sourcing, disciplined purchasing, streamlined processes, and a more scalable operating model, with technology and AI improving execution. Those savings will fuel greater customer value and fund growth across the business.

On the guidance front, Kroger (KR) reiterated its full-year outlook. On a long-term basis, the company is targeting approximately 3% comparable sales growth in 2029, excluding fuel and pharmacy, and 3% to 6% adjusted EBITDA CAGR for FY27 through FY29. In addition, Kroger (KR) is aiming for 7% to 11% adjusted net EPS CAGR for FY2027 through FY2029, excluding the pending acquisition of Giant Eagle.

Shares of Kroger (KR) were up 1.1% in premarket trading on Tuesday.