Kroger reports second quarter results
Adjusted EPS rises 5% to $1.09 while identical sales growth slows to 0.2%. The company lowers full-year sales guidance and increases dividends.
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American supermarket chain and retail pharmacy operator
thekrogerco.comLast updated
In short: Kroger announced a $1.65 billion deal to acquire Giant Eagle and appointed new leadership amid lowered annual sales guidance.
Adjusted EPS rises 5% to $1.09 while identical sales growth slows to 0.2%. The company lowers full-year sales guidance and increases dividends.
The $1.65 billion deal includes cash and assumed liabilities, expected to close in 2027.
Identical sales without fuel increased 1%, and adjusted EPS rose to $1.58.
Massa will retire on September 18 after 16 years at Kroger and over three decades in HR.
The Kroger Co. (NYSE:KR) cut its full-year 2026 identical-sales forecast excluding fuel to 0.2%–0.8%...
The summer cyclosporiasis outbreak that afflicted thousands of Americans with severe diarrhea prompted Kroger shoppers to avoid the produce section.
Kroger Co. trimmed its annual sales guidance, signaling that heightened inflationary concerns and fierce competition for grocery spending are weighing on the retailer.
The Kroger Co. KR will release earnings for its second quarter before the opening bell on Friday, Sept. 11. Analysts expect the Cincinnati, Ohio-based company...
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