Kroger Cuts 2026 Sales Outlook After Identical Sales Slow to 0.2%
Kroger reported Q2 adjusted EPS of $1.09, beating estimates, but identical sales without fuel grew only 0.2%. Full-year sales guidance was cut.
Kroger reported Q2 adjusted EPS of $1.09, beating estimates, but identical sales without fuel grew only 0.2%. Full-year sales guidance was cut.
The deal expands Kroger’s Midwest presence and is expected to close in 2027.
Kroger grew sales but profits were squeezed by costs and price cuts; outlook steady, but shoppers remain cautious and price-sensitive.
Instacart shares jump after strong Q4 results and Q1 guidance beating estimates, driven by grocery demand, customer growth, and ads success amid competition.
Kroger plans to hire Greg Foran, ex-Walmart US chief and Air New Zealand CEO, as new CEO following Rodney McMullen's departure after board investigation.
Amazon's expanded grocery delivery plans and 100+ new Whole Foods stores trigger stock drops for Kroger, Instacart, Uber, DoorDash, and Walmart as competition intensifies.