NYSE$KR

Kroger Co · Q2 2026 earnings

Q2 2026 earnings · · Investor relations

Briefing

Kroger reported Q2 fiscal 2026 sales of $33.9B with net earnings of $609M and diluted EPS of $0.91.

Second-quarter sales were $33.94 billion. Net earnings attributable to Kroger were $609 million and diluted EPS was $0.91 (adjusted EPS $1.04). Identical sales, pharmacy, and alternative profit businesses shaped results.

  • Q2 sales $33.9B; identical sales and pharmacy volumes in focus.
  • Diluted EPS $0.91; adjusted EPS $1.04.
  • Alternative profit and e-commerce investments support margin.
  • Consumer value-seeking and labor inflation remain pressures.

Headline financials

Total Revenue

$33.9B

No prior period
EPS (adj)

$0.91

No prior period
Free Cash Flow

$609M

No prior period
Net Income

$609M

No prior period
Operating Income

$863M

No prior period
Gross Profit

-$26.1B

No prior period
Cash & Equivalents

$4.88B

No prior period
Total Assets

$53.6B

No prior period

Revenue & EPS history

Kroger · Revenue · Quarterly

$33.9B

Q2 2026
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Kroger · $45.1B total across 2 segments · Q1 2025

  • Retail Operations
    $44.8B
  • Other
    $337M

Forward guidance

Management discusses comparable sales, private label mix, and cost inflation mitigation.

Tailwinds

  • Loyalty and e-commerce penetration support traffic.
  • Productivity and pricing actions defend margins.

Headwinds

  • Consumer trade-down pressures basket size.
  • Input, freight, and labor costs remain volatile.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-0.1%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-0.5%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+19.4%

Q4 2021

Best reaction

-26.4%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025-8.4%
Q1 2027-8.4%
Q4 2026+6.3%+6.3%+6.4%
Q3 2026-4.6%-5.0%-4.9%
Q2 2026+0.3%-0.4%+1.1%
Q4 2024+2.0%+2.9%+3.8%
Q3 2024-1.1%+1.4%+2.6%
Q2 2024+8.6%+6.9%+7.5%
Q1 2024-3.4%-4.2%+4.9%
Q4 2023+10.9%+9.5%+13.5%
Q3 2023+2.2%+2.0%+4.7%
Q2 2023-0.2%-0.9%-4.6%
Q1 2023-2.2%-2.9%-1.6%
Q4 2022+6.0%+8.1%+13.8%
Q3 2022-3.3%-5.8%-9.4%
Q2 2022+4.5%+1.2%-11.1%
Q1 2022-9.2%-4.9%-6.2%
Q4 2021+19.4%+12.8%+16.4%
Q3 2021+8.0%+12.1%+12.6%
Q2 2021-7.0%-10.9%-14.4%
Q1 2021+3.2%+6.1%+4.8%
Q4 2020+3.6%+3.6%+8.1%
Q3 2020-5.3%-3.1%-1.6%
Q2 2020-5.5%-7.8%-0.8%
Q1 2020-1.7%-2.2%+3.2%
Q4 2019+3.5%+5.3%+4.3%
Q3 2019-0.5%+0.8%+3.8%
Q2 2019+2.6%+0.3%-5.2%
Q1 2019-5.9%-7.6%-8.2%
Q4 2018-14.0%-13.9%-16.0%
Q3 2018+1.9%+2.1%-3.4%
Q2 2018-12.4%-7.7%-15.2%
Q1 2018+13.4%+10.8%+7.5%
Q4 2017-8.2%-8.5%-9.4%
Q3 2017+5.3%+7.5%+12.6%
Q2 2017-6.3%-4.6%-9.4%
Q1 2017-26.4%-26.1%-24.0%
Q4 2016-7.6%-10.1%-8.0%
Q3 2016+3.1%+2.4%+6.8%
Q2 2016-1.3%-1.9%-7.4%
Q1 2016-1.5%-3.5%+2.8%
Q4 2015-9.4%
Q3 2015+6.4%
Q2 2015+5.7%
Q1 2015+1.4%
Q4 2014+6.7%
Q3 2014+4.0%
Q2 2014-0.1%
Q1 2014+5.4%
Q4 2013+0.2%
Q3 2013-2.6%
Q2 2013+3.6%
Q1 2013-3.9%
Q4 2012+6.2%
Q3 2012+4.7%
Q2 2012-0.2%
Q1 2012+7.2%
Q4 2011+2.5%
Q3 2011-1.7%
Q2 2011-0.4%
Q1 2010-2.2%
Q1 2011-2.7%
Q2 2010+1.5%
Q4 2008+1.5%
Q4 2010+1.5%
Q3 2009-1.8%
Q3 2010+1.8%
Q2 2009+0.2%
Q4 2009+0.2%

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