Kroger FY26 Q2: sales up 2.0%, identical sales flat, guidance trimmed
Kroger's second quarter was a story of tiny sales growth propped up by buybacks: revenue rose 2.0% to $34.62 billion, but identical sales without fuel grew just 0.2% and management cut its full-year identical-sales guidance. Adjusted EPS of $1.09 rose 5%, yet adjusted net earnings fell to $667 million from $695 million — the per-share gain came from a smaller share count, not a bigger profit. View: Neutral.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.05, up from $0.91, and adjusted EPS was $1.09 versus $1.04, the 5% increase management highlighted. The catch is that adjusted net earnings actually fell to $667 million from $695 million, and GAAP net income of $641 million only beat last year's $609 million by a modest amount. The per-share gain leans heavily on a diluted share count that shrank to 608 million from 665 million.
Revenue came in at $34.62 billion, up 2.0% from $33.94 billion a year ago, so the top line is growing. Strip out fuel, the Vitacost sale and the fulfillment-center exits and sales rose just 0.1%, while identical sales without fuel — Kroger's own store-level measure — grew 0.2% against 3.4% last year. The consensus estimate for next quarter's revenue is $35.67 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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