Kroger Reports First Quarter 2026 Results

About this update from Kroger Company (the)

First Quarter Highlights Identical Sales without fuel increased 1.0%1Operating Profit of $1,407 million; EPS of $1.46Adjusted FIFO Operating Profit of $1,544 million and Adjusted EPS of $1.58Adjusted eCommerce sales grew +19%2; Kroger Precision Marketing profit grew over 20%CINCINNATI, June 18, 2026 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today reported its first quarter 2026 results, maintained 2026 guidance, and shared progress on key priorities.______________________________1 Excludes adjustment items. See table 4.2 Adjusted eCommerce sales exclude the effect of fulfillment center exits in markets where Kroger does not operate stores, the sale of Vitacost, and the discontinuation of Ship Marketplace.Comments from CEO Greg Foran  "I joined Kroger because I believe it represents the best opportunity in retail. We serve millions of families every day, in our stores and online. We have the right stores in the right places, unmatched customer insights, and the ability to win. Our focus is clear: to become America's best grocer. We will measure ourselves against that every day.We are pleased with our first quarter results, but we know there is more work to do. That is why we are building a culture that is never satisfied, with a constant focus on serving our customers better."First Quarter Financial Results1Q26($ in millions; except EPS)1Q25 ($ in millions; except EPS)ID Sales(1) (Table 4)1.0 %3.2 %Earnings Per Share$1.46$1.29Adjusted EPS (Table 6)$1.58$1.49Operating Profit$1,407$1,322Adjusted FIFO Operating Profit (Table 7)$1,544$1,518Gross Margin (Table 8)22.7 %23.0 %FIFO Gross Margin Rate(2)               Decreased 9 basis pointsOG&A Rate(3)Increased 16 basis points(1) Without fuel and adjustment items, if applicable, and includes an unfavorable 130 basis point impact from the Inflation Reduction Act.(2) Without rent, depreciation and amortization, fuel and adjustment items, if applicable.(3) Without fuel and adjustment items, if applicable.Total company sales were $46.1 billion in the first quarter compared to $45.1 billion for the same period last year. Excluding fuel and Vitacost, sales increased 0.5% compared to the same period last year.Gross margin was 22.7% of sales for the first quarter compared to 23.0% for the same period last year. The decrease in rate was primaril...

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