KROGER CO (KR) Form 8-K — Sep 11, 2026
Kroger reported second quarter 2026 results with total sales of $34.6 billion, up from $33.9 billion a year ago, operating profit of $971 million, GAAP EPS of $1.05, and adjusted EPS of $1.09, up 5 percent year over year. Identical sales without fuel rose just 0.2 percent versus 3.4 percent a year ago, including a 138 basis point headwind from the Inflation Reduction Act. Kroger lowered its full-year 2026 identical sales without fuel guidance to 0.2 percent to 0.8 percent from 1.0 percent to 2.0 percent, while reaffirming adjusted FIFO operating profit guidance of $5.0-$5.2 billion and adjusted EPS guidance of $5.10-$5.30.
Key figures
- Eps
- 1.05
- Revenue
- 34621000000
- Guidance
- FY26 identical sales without fuel lowered to 0.2%-0.8% (from 1.0%-2.0%, includes ~140 bp Inflation Reduction Act headwind); reaffirmed adjusted FIFO operating profit of $5.0-$5.2 billion, adjusted EPS of $5.10-$5.30, free cash flow of $2.7-$2.9 billion, capex of $3.8-$4.0 billion, and 23% adjusted tax rate
- Net Income
- 641000000
- Total Debt
- 16997000000
- Revenue Yoy
- +2.0% reported ($33.9B to $34.6B); +0.1% excluding fuel, Vitacost sale and fulfillment center exits
- Total Assets
- 49491000000
- Cash Position
- 1676000000
- Shares Outstanding
- 596000000
- Lifo Charge
- 39000000
- Adjusted Eps
- 1.09
- Gross Margin
- 22.4%
- Operating Profit
- 971000000
- Dividend Increase
- 11% increase earlier this quarter, 20th consecutive year of dividend increases
- Oga Rate Change Bps
- 33
- Investor Update Date
- October 20, 2026
- Share Repurchases Q2
- 1000000000
- Lifo Charge Prior Year
- 62000000
- Share Repurchases Ytd
- 1200000000
- Adjusted Eps Prior Year
- 1.04
- Operating Profit Prior Year
- 863000000
- Dividends Declared Per Share
- 0.39
- Identical Sales Prior Year Q2
- 3.4%
- Identical Sales Without Fuel
- 0.2%
- Adjusted Fifo Operating Profit
- 1076000000
- Adjusted Ecommerce Sales Growth
- +20%
- Fifo Gross Margin Rate Change Bps
- 13
- Net Total Debt To Adjusted Ebitda
- 1.91
- Buyback Authorization Remaining
- 800000000
- Adjusted Fifo Operating Profit Prior Year
- 1091000000
- Kroger Precision Marketing Profit Growth
- +24%
- Net Total Debt To Adjusted Ebitda Prior Year
- 1.63
- Fulfillment Network Impairment Trailing Four Quarters
- 2497000000
AI analysis
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