Kroger raises profit outlook after Q2 earnings beat

Retail & Consumer Retail Written by: Angela Harmantas 09:57 Fri 11 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Kroger Co ( NYSE:KR XETRA:KOG ) View Price & Profile Kroger raises profit outlook after Q2 earnings beat Published: 09:57 11 Sep 2026 EDT Kroger Co (NYSE:KR, XETRA:KOG) raised its full-year profit outlook after posting second-quarter earnings that beat Wall Street estimates, even as the grocer trimmed its sales growth forecast. The company reported adjusted earnings per share of $1.09 for the quarter, ahead of analyst estimates of $1.06 and up 5% from a year earlier. Revenue came in at $34.6 billion, roughly in line with estimates of $34.58 billion and up 2% year-over-year. Adjusted FIFO operating profit reached $1.08 billion, topping estimates of $1.01 billion, though the figure was down 1% from the prior year. Kroger cut its full-year guidance for identical sales excluding fuel, now expecting growth of 0.2% to 0.8%, down from a prior range of 1.0% to 2.0%. Identical sales excluding fuel grew 0.2% in the quarter. The company affirmed the rest of its full-year guidance, including adjusted earnings per share of $5.10 to $5.30, free cash flow of $2.7 billion to $2.9 billion, and capital expenditures of $3.8 billion to $4.0 billion. It also raised its outlook for adjusted FIFO operating profit to $5.0 billion to $5.2 billion, above estimates of $4.84 billion. The company expects a tax rate of 23%. Gross margin for the quarter was 22.4%, down 10 basis points from a year earlier. Adjusted eCommerce sales grew 20% year-over-year, while profit from Kroger Precision Marketing, the company's retail media business, rose 24%. CEO Greg Foran said he was “pleased with the progress” the company is making. “Our teams kept driving value for customers, improving execution in our stores, growing eCommerce profitably and managing costs with discipline,” Foran said in a statement. “Improving sales momentum remains a top priority. While there is more work to do, I am confident in our plan to become America's favorite grocer." Shares of Kroger were up around 4% on Friday morning. Continue reading