Earnings ·
Kroger reports Q2 sales of $34.6B, lowers full-year identical sales guidance citing IRA headwind
KRKroger Co
The Kroger Co. reported second quarter 2026 results with total sales of $34.6 billion and identical sales excluding fuel increasing 0.2%. Operating profit was $971 million, yielding an EPS of $1.05 and adjusted EPS of $1.09. The company lowered its full-year identical sales without fuel guidance to a range of 0.2% to 0.8%, citing a 140 basis point headwind from the Inflation Reduction Act, while reaffirming adjusted FIFO operating profit and EPS guidance. Kroger repurchased $1.0 billion in shares during the quarter under its existing authorization. The company operates in the retail grocery industry.