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Get filing alertsKroger reports Q2 EPS of $1.05, cuts full-year identical sales guidance to 0.2%-0.8%
Filed September 11, 2026 · Period ending September 11, 2026 · ~1 min read
Key Changes
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Q2 diluted EPS rose to $1.05 from $0.91 a year ago; adjusted EPS was $1.09, up 5% from $1.04.
Item 2.02 verify on EDGAR → -
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Identical sales without fuel grew just 0.2% in Q2, down from 3.4% last year, with a 138 bps hit from the Inflation Reduction Act.
Item 2.02 verify on EDGAR → -
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Full-year identical sales guidance lowered to 0.2%-0.8% from 1.0%-2.0%; adjusted EPS and FIFO operating profit guidance reaffirmed.
Item 2.02 verify on EDGAR → -
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Operating profit rose to $971 million; adjusted FIFO operating profit dipped to $1,076 million from $1,091 million.
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Kroger repurchased $1.0 billion of shares in Q2 ($1.2 billion YTD) and raised its dividend 11%.
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Summary
Kroger's second quarter showed solid earnings growth—diluted EPS up 15% to $1.05 and adjusted EPS up 5% to $1.09—but a sharp slowdown in identical sales without fuel, which rose only 0.2% versus 3.4% a year ago. The company attributed part of the slowdown to a 138 basis point headwind from the Inflation Reduction Act. Operating profit increased to $971 million, though adjusted FIFO operating profit slipped slightly.
Management lowered full-year identical sales guidance to 0.2%-0.8% from 1.0%-2.0%, citing first-half results and the macro environment, while reaffirming adjusted EPS and FIFO operating profit targets. The company also continued returning cash to shareholders, repurchasing $1.0 billion in shares during the quarter and raising its dividend by 11%.
For retail holders, the key takeaway is that earnings remain resilient, but top-line growth is decelerating. The guidance cut signals management expects the sales softness to persist through the year, though the reaffirmed profit outlook suggests cost controls and buybacks are cushioning the impact.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Kroger issued a press release announcing its second quarter 2026 results.
Added in current filing · verify on EDGAR →
On September 11, 202, The Kroger Co. (NYSE:KR) issued a press release announcing its second quarter 2026 results.
Kroger announced its second quarter 2026 financial results via a press release furnished as Exhibit 99.1. The 8-K itself does not include the quantitative results; those are in the attached exhibit.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Identical | Sales without fuel** | 1.0% | - 2.0% | 0.2% | - 0.8%
Kroger lowered its full-year 2026 identical sales without fuel guidance from 1.0%-2.0% to 0.2%-0.8%, citing first-half results and the macro environment. The company reaffirmed adjusted EPS guidance of $5.10-$5.30 and FIFO operating profit guidance of $5.0-$5.2 billion.
Added in current filing · view on EDGAR →
Kroger repurchased $1.0 billion in shares and year-to-date has repurchased $1.2 billion in shares under the $2 billion board authorization announced in December 2025.
Kroger repurchased $1.0 billion of shares in Q2 and $1.2 billion year-to-date under its $2 billion authorization. Approximately $800 million remains, with completion expected by the end of fiscal 2026. The company also increased its dividend by 11%, marking the 20th consecutive year of increases.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 14, 2026 · How we verify