Jul 2026 (Q2 FY27) — Sep 11, 2026
The Kroger Co. Q2 FY27 — Profitability Maintained Amidst Sales Headwinds
Read the full callKROGER (KR) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
KROGER earnings: last reported Fri, 11 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 34,621 | +2.0% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 2.8 | +0.3 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 641 | +5.3% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
26 of 33 judged targets kept · 24 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Closure of 3 automated fulfilment centres | close by the end of January 2026 | Oct 2025 | we closed 3 fulfillment centers at the end of the last quarter | Achieved |
| Agentic shopping launch - Instacart AI Cart Assistant on Kroger web and app | introduce in the first quarter of 2026 | Oct 2025 | Ghosted | |
| Full-year adjusted FIFO operating profit | $5 billion to $5.2 billion | Jan 2026 | we are reaffirming our full year guidance | On Track |
7 of KROGER CO's 57 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 54 more targets are in the full ledger.
Claimed
- Adjusted EPS grew 5% year-over-year to $1.09, demonstrating operating model strength.
- Adjusted e-commerce sales grew 20%, achieving the second consecutive quarter of profitable e-commerce growth.
- Retail Media grew 24%, the best performance since 2021, with media monetization up 88 basis points.
- FIFO gross margin rate increased 13 basis points, driven by e-commerce profitability, media, pharmacy mix, tariff refunds, and sourcing initiatives.
- Private Selection sales increased over 14%, contributing to overall own-brand penetration growth of approximately 50 basis points.
Qualified
- Identical sales without fuel grew only 0.2%, impacted by several headwinds.
- Cyclospora outbreak caused a 35 basis point headwind to identical sales without fuel, primarily from produce categories.
- Inflation Reduction Act resulted in a 140 basis point headwind to identical sales without fuel in Q2, projected to accelerate to 150 basis points in Q4.
- Shift from brand to generic prescriptions reduced sales by approximately 60 basis points.
- Operating, general and administrative rate increased 33 basis points due to investments in associate wages, healthcare costs, and sales deleverage.
Price
$63.05 −0.91% · −$0.58
Performance −8.6% 1Y
1Y: $68.99 on 17 Oct 2025 → $63.05. High $75.6 (13 Mar 2026), low $55.53 (30 Jun 2026).
- Previous close
- $63.63
- 52-week range
- $55.53 – $75.6
- One year
- −8.82%
Overview
- Symbol
- KR
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
26 of 33 judged targets kept · 24 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Closure of 3 automated fulfilment centres | close by the end of January 2026 | Oct 2025 | we closed 3 fulfillment centers at the end of the last quarter | Achieved |
| Agentic shopping launch - Instacart AI Cart Assistant on Kroger web and app | introduce in the first quarter of 2026 | Oct 2025 | Ghosted | |
| Full-year adjusted FIFO operating profit | $5 billion to $5.2 billion | Jan 2026 | we are reaffirming our full year guidance | On Track |
Claimed
- Adjusted EPS grew 5% year-over-year to $1.09, demonstrating operating model strength.
- Adjusted e-commerce sales grew 20%, achieving the second consecutive quarter of profitable e-commerce growth.
- Retail Media grew 24%, the best performance since 2021, with media monetization up 88 basis points.
- FIFO gross margin rate increased 13 basis points, driven by e-commerce profitability, media, pharmacy mix, tariff refunds, and sourcing initiatives.
- Private Selection sales increased over 14%, contributing to overall own-brand penetration growth of approximately 50 basis points.
Qualified
- Identical sales without fuel grew only 0.2%, impacted by several headwinds.
- Cyclospora outbreak caused a 35 basis point headwind to identical sales without fuel, primarily from produce categories.
- Inflation Reduction Act resulted in a 140 basis point headwind to identical sales without fuel in Q2, projected to accelerate to 150 basis points in Q4.
- Shift from brand to generic prescriptions reduced sales by approximately 60 basis points.
- Operating, general and administrative rate increased 33 basis points due to investments in associate wages, healthcare costs, and sales deleverage.
The full ledger
Open KROGER CO’s full ledger
A free account opens 5 company ledgers a month. All 57 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — Jun 18, 2026
The Kroger Co. Q1 FY27 — E-commerce Profitability and Cost Savings Drive Strong Start
Read the full callJan 2026 (Q4 FY26) — Mar 5, 2026
The Kroger Co. Q4 FY26 – Strong Performance Capped by Positive Market Share Gains and Accelerated E-commerce Growth
Read the full callEvery analysed call
KROGER earnings calls (KR)
Financials
What the filings say
Net profit, year on year: +5% (quarter to aug 2026 against aug 2025).
| Line item | Feb 2024 | Aug 2024 | Nov 2024 | Feb 2025 | Aug 2025 | Nov 2025 | Jan 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 37,064 | 33,912 | 33,634 | 34,308 | 33,940 | 33,859 | 34,725 | 34,621 |
| Operating profit | 1,194 | 815 | 828 | 912 | 863 | -1,541 | 1,246 | 971 |
| Operating margin | 3.2% | 2.4% | 2.5% | 2.7% | 2.5% | −4.5% | 3.6% | 2.8% |
| Interest | 100 | 84 | — | — | — | — | — | — |
| Profit before tax | 934 | 613 | 804 | 736 | 772 | -1,790 | 1,116 | 840 |
| Tax rate | 20.9% | 24.1% | 23.3% | 13.9% | 21.0% | 26.5% | 22.9% | 23.6% |
| Net profit | 736 | 466 | 618 | 634 | 609 | -1,320 | 861 | 641 |
| EPS ($ per share) | — | 0.64 | 0.85 | — | 0.91 | -2.02 | — | 1.05 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 19,681 | 20,978 | 23,018 | 24,066 | 25,601 | 26,946 | 28,724 | 28,850 |
| Total liabilities | 30,283 | 36,683 | 39,112 | 39,657 | 39,609 | 38,904 | 44,335 | 44,017 |
| Fixed assets | 21,635 | 21,871 | 22,386 | 23,789 | 24,726 | 25,230 | 25,703 | 24,260 |
| Total assets | 38,118 | 45,256 | 48,662 | 49,086 | 49,623 | 50,505 | 52,616 | 49,953 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 4,164 | 4,664 | 6,815 | 6,190 | 4,498 | 6,788 | 5,794 | 7,311 |
| Cash from investing | -1,186 | -2,611 | -2,814 | -2,611 | -3,015 | -3,750 | -3,228 | -3,914 |
| Cash from financing | -2,896 | -2,083 | -2,713 | -3,445 | -2,289 | -2,170 | -490 | -4,022 |
| Net cash flow | 82 | -30 | 1,288 | 134 | -806 | 868 | 2,076 | -625 |
| Capital expenditure | -2,967 | -3,128 | -2,865 | -2,614 | -3,078 | -3,904 | -4,017 | -3,855 |
| Free cash flow | 1,197 | 1,536 | 3,950 | 3,576 | 1,420 | 2,884 | 1,777 | 3,456 |
KR revenue by segment
| Segment | FY2026 | FY2026 | FY2027 | YoY growth latest quarter |
|---|---|---|---|---|
| Reportable Segment Aggregation Before Other Operating | — | — | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
KR operating KPIs by quarter
| KPI | Apr 2025 Q1 FY26 | Jul 2025 Q2 FY26 | Oct 2025 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Products with lowered prices | 2,000In fact, we lowered prices in an extra 2,000 items during the quarter.Source: earnings call transcript | — | 1,000We took down another 1,000 items in Q3.Source: earnings call transcript | — |
| Associates covered by ratified labor agreements | 23K+Specifically, we ratified new labor agreements with more than 23,000 associates.Source: earnings call transcript | ~54KIn total, we ratified new labor agreements covering approximately 54,000 associates.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
97 filings between Dec 8, 2025 and Sep 25, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$6.19M
4 sales by 2 insiders
Compensation
not trading decisions- 36
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 55
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Adcock Mary Ellen | — | $4.43M | Sep 18, 2026 |
| COSSET YAEL | — | $1.76M | Jul 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 25, 2026 | Vincent George H. Executive Vice President | Tax withheld | 1,677 | $98.5K |
| Sep 25, 2026 | DEMARTINO EMILEE F. Executive Vice President | Award | 12,769 | $0 |
| Sep 25, 2026 | Shaffer Megan N. Group Vice President | Tax withheld | 269 | $15.8K |
| Sep 18, 2026 | Adcock Mary Ellen Executive Vice President | Sale | 10,846 | $657.7K |
| Sep 18, 2026 | Adcock Mary Ellen Executive Vice President | Option exercise | 37,960 | $1.33M |
| Sep 18, 2026 | Adcock Mary Ellen Executive Vice President | Sale | 24,095 | $1.46M |
| Sep 18, 2026 | Adcock Mary Ellen Executive Vice President | Sale | 37,960 | $2.31M |
| Sep 18, 2026 | Adcock Mary Ellen Executive Vice President | Option exercise | 10,846 | $415.6K |
| Jul 15, 2026 | Butier Mitchell R Director | Award | 3,660 | $0 |
| Jul 15, 2026 | Vemuri Ashok Director | Award | 3,660 | $0 |
| Jul 15, 2026 | SOURRY KNOX JUDITH AMANDA Director | Award | 3,660 | $0 |
| Jul 15, 2026 | SARGENT RONALD Director | Award | 7,916 | $0 |
| Jul 15, 2026 | Aufreiter Nora A Director | Award | 3,660 | $0 |
| Jul 15, 2026 | FIKE CARIN L Vice President and Treasurer | Tax withheld | 56 | $3.2K |
| Jul 15, 2026 | HOGUET KAREN M Director | Award | 3,660 | $0 |
| Jul 15, 2026 | Sutton Mark S Director | Award | 3,660 | $0 |
| Jul 15, 2026 | Brown Kevin M Director | Award | 3,660 | $0 |
| Jul 14, 2026 | COSSET YAEL Executive Vice President | Sale | 30,000 | $1.76M |
| Jul 13, 2026 | Nichols Brian W Group VP & Controller | Tax withheld | 96 | $5.7K |
| Jul 13, 2026 | Shaffer Megan N. Group Vice President | Tax withheld | 466 | $27.6K |
| Jun 25, 2026 | Butier Mitchell R Director | Award | 289 | $0 |
| Mar 13, 2026 | Adcock Mary Ellen Executive Vice President | Tax withheld | 5,182 | $391.8K |
| Mar 13, 2026 | Arreaga Gabriel Executive Vice President | Tax withheld | 3,163 | $239.1K |
| Mar 13, 2026 | Massa Timothy A Executive Vice President | Tax withheld | 5,676 | $429.1K |
| Mar 13, 2026 | Kennerley David John Christopher Executive Vice President & CFO | Tax withheld | 7,743 | $585.4K |
| Mar 13, 2026 | Nichols Brian W Group VP & Controller | Tax withheld | 755 | $57.1K |
| Mar 13, 2026 | FIKE CARIN L Vice President and Treasurer | Tax withheld | 241 | $18.2K |
| Mar 13, 2026 | SARGENT RONALD Chairman of the Board | Tax withheld | 26,567 | $2.01M |
| Mar 13, 2026 | Jabbar Valerie L. Senior Vice President | Tax withheld | 2,400 | $181.4K |
| Mar 13, 2026 | FIKE CARIN L Vice President and Treasurer | Tax withheld | 186 | $14.1K |
| Mar 13, 2026 | COSSET YAEL Executive Vice President | Tax withheld | 6,694 | $506.1K |
| Mar 13, 2026 | Shaffer Megan N. Group Vice President | Tax withheld | 1,112 | $84.1K |
| Mar 13, 2026 | Kelley Joseph Michael Senior Vice President | Tax withheld | 782 | $59.1K |
| Mar 13, 2026 | Smith Victor Remon Senior Vice President | Tax withheld | 574 | $43.4K |
| Mar 12, 2026 | COSSET YAEL Executive Vice President | Award | 14,549 | $0 |
| Mar 12, 2026 | Adcock Mary Ellen Executive Vice President | Award | 19,211 | $0 |
| Mar 12, 2026 | Adcock Mary Ellen Executive Vice President | Tax withheld | 4,509 | $338.0K |
| Mar 12, 2026 | Adcock Mary Ellen Executive Vice President | Award | 10,270 | $0 |
| Mar 12, 2026 | Kelley Joseph Michael Senior Vice President | Tax withheld | 1,292 | $96.8K |
| Mar 12, 2026 | Kelley Joseph Michael Senior Vice President | Award | 2,941 | $0 |
| Mar 12, 2026 | Foran Gregory S Chief Executive Officer | Award | 48,026 | $0 |
| Mar 12, 2026 | Massa Timothy A Executive Vice President | Award | 20,011 | $0 |
| Mar 12, 2026 | Kennerley David John Christopher Executive Vice President & CFO | Award | 15,209 | $0 |
| Mar 12, 2026 | Kennerley David John Christopher Executive Vice President & CFO | Tax withheld | 1,429 | $107.1K |
| Mar 12, 2026 | Massa Timothy A Executive Vice President | Tax withheld | 4,509 | $338.0K |
| Mar 12, 2026 | Kennerley David John Christopher Executive Vice President & CFO | Award | 3,177 | $0 |
| Mar 12, 2026 | Massa Timothy A Executive Vice President | Award | 10,270 | $0 |
| Mar 12, 2026 | Nichols Brian W Group VP & Controller | Award | 4,637 | $0 |
| Mar 12, 2026 | Arreaga Gabriel Executive Vice President | Tax withheld | 1,906 | $142.9K |
| Mar 12, 2026 | Arreaga Gabriel Executive Vice President | Award | 6,504 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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