earnings
confidence high
sentiment neutral
materiality 0.80
Kroger Q2 adjusted EPS $1.09, up 5%; cuts identical sales guidance to 0.2-0.8%
KROGER CO
- Q2 GAAP EPS $1.05, adjusted EPS $1.09 (vs $1.04 LY); operating profit $971M vs $863M.
- Identical sales without fuel +0.2%; total sales $34.6B vs $33.9B; adjusted eCommerce +20%, media profit +24%.
- FY26 identical sales guidance cut to 0.2%-0.8% from 1.0%-2.0% (140 bps IRA impact); EPS reaffirmed $5.10-$5.30.
- Dividend raised 11% (20th consecutive year); $1.0B shares repurchased in quarter, $1.2B YTD under $2B authorization.
- Net total debt to adjusted EBITDA 1.91 vs 1.63 a year ago; investor update meeting scheduled Oct 20, 2026.