earnings
confidence high
sentiment neutral
materiality 0.75
Kroger Q2 2026: adj EPS $1.09, identical sales +0.2%; cuts FY ID sales guide
KROGER CO
- Q2 adj EPS $1.09 (up 5% YoY); GAAP EPS $1.05; sales $34.6B vs $33.9B.
- FY26 identical sales (ex-fuel) guide cut to 0.2%-0.8% from 1.0%-2.0%; 140bp Inflation Reduction Act drag.
- Reaffirms FY26 adj FIFO profit $5.0-$5.2B, EPS $5.10-$5.30, FCF $2.7-$2.9B.
- Dividend raised 11% (20th straight year); $1.0B bought back in Q2, $800M left of $2B authorization.
- Adj eCommerce sales +20%; Kroger Precision Marketing profit +24%; net debt/EBITDA 1.91.