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 headwinds from the Inflation IRA Act, while reaffirming adjusted FIFO operating profit and EPS guidance ranges. Kroger repurchased $1.0 billion in shares during the quarter under a $2 billion authorization announced in December 2025, with approximately $800 million remaining. The company operates as one of America's largest retailers, serving customers through digital shopping experiences and retail food stores.

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.

The Kroger Co. appointed Mark Ibbotson as Executive Vice President and Chief Store Operations Officer, effective September 14, 2026. Mr. Ibbotson brings extensive retail experience from Walmart and Asda, where he led operations, real estate, and digital transformation initiatives. His compensation package includes a $1 million annual base salary, an incentive bonus target of 110% of base, and various equity grants totaling approximately $3.5 million in restricted shares and performance units to be awarded in December 2026. He will also participate in the company's standard executive relocation program. The Kroger Co. operates as a supermarket retailer serving customers through physical stores and eCommerce platforms.

The Kroger Co. entered into a merger agreement to acquire Giant Eagle, Inc. for approximately $1.65 billion, comprising $1.25 billion in cash and $400 million in assumed liabilities. The transaction is expected to close in 2027, subject to regulatory approval and potential store divestitures. The Kroger Co. is a food and pharmacy retailer.

Effective July 1, 2026, Ronald L. Sargent will transition from employee to Non-Executive Chairman of the Board. In this new capacity, Mr. Sargent will receive an annual retainer of $115,000 and an annual incentive share grant valued at approximately $250,000. Additionally, the company held its 2026 Annual Meeting of Shareholders on June 25, 2026, where shareholders elected ten directors, approved executive compensation on an advisory basis, ratified PricewaterhouseCoopers LLP as the independent auditor, and approved the Second Amended and Restated 2019 Long-Term Incentive Plan. A shareholder proposal regarding a report on GHG emissions reductions was rejected. The Kroger Co. is a grocery retailer.

The Kroger Co. issued a press release on June 18, 2026, announcing its financial results for the first quarter of 2026. The company is a large-scale grocery retailer operating in the food and beverage industry.