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Kroger 8-K Report, Financial Results (Mar 5, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed March 5, 2026
Period End
March 5, 2026
Security
KR
In the record · 2016–202610-K1210-Q328-K137

KR filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 137 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Aug ’17Aug ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Material agreement8-K · Nov ’22Nov ’22
  4. Leadership change8-K · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed March 5, 2026. Cited figures are marked; the original filing is the authoritative source.

The Kroger Co. (NYSE: KR) reported fourth quarter and fiscal 2025 results on March 5, 2026, and provided full-year 2026 guidance, according to a press release furnished as Exhibit 99.1 to this Form 8-K.

For the fourth quarter, sales were $34.7 billiona versus $34.3 billion a year earlier, identical sales without fuel rose 2.4%, and EPS was $1.35 versus $0.90, with adjusted EPS of $1.28 versus $1.14. Adjusted FIFO operating profit was $1,206 million versus $1,174 million. For fiscal 2025, sales were $147.6 billion, EPS was $1.54 (including a $2.5 billion impairment and related charge for the automated fulfillment network), and adjusted EPS was $4.85 versus $4.47.

Adjusted FIFO operating profit was $4.9 billionb, and the company stated it delivered more than $16 billion in eCommerce sales. Kroger completed a $7.5 billion share repurchase authorization, including a $5 billion accelerated share repurchase, and the Board approved an additional $2 billion authorization in December 2025, which the company expects to complete by the end of fiscal 2026. Net total debt to adjusted EBITDA was 1.76, compared with 1.79 a year earlier.

The company also stated it completed an eCommerce strategic review expected to deliver $400 millionc in eCommerce operating profit improvement in 2026, and that Greg Foran was appointed Chief Executive Officer. For 2026, Kroger guided to identical sales without fuel growth of 1.0% to 2.0% (including an approximately 130 basis point unfavorable impact from the Inflation Reduction Act), FIFO operating profit of $5.0 to $5.2 billion, adjusted EPS of $5.10 to $5.30, free cash flow of $2.7 to $2.9 billion, and capital expenditures of $3.8 to $4.0 billion, with a 23% tax rate. The CFO attributed the outlook to investing more in value for customers while improving gross margins, funded by eCommerce reaching profitability, procurement efficiencies, and productivity gains.

02—Key points

Key Highlights

  1. Q4 2025 identical sales without fuel rose 2.4%; EPS was $1.35 versus $0.90 a year earlier, and adjusted EPS was $1.28 versus $1.14.
  2. Fiscal 2025 EPS of $1.54 includes $2.5 billion in impairment and related charges ($2.91 loss per diluted share) for the automated fulfillment network; adjusted EPS was $4.85 versus $4.47.
  3. Adjusted FIFO operating profit was $4.9 billion for fiscal 2025, and adjusted free cash flow was $3,868 million versus $2,499 million in 2024.
  4. Completed a $7.5 billion share repurchase authorization, including a $5 billion accelerated share repurchase; Board approved an additional $2 billion authorization.
  5. Completed an eCommerce strategic review expected to deliver $400 million in eCommerce operating profit improvement in 2026.
  6. 2026 guidance: identical sales without fuel of 1.0% to 2.0%, FIFO operating profit of $5.0 to $5.2 billion, and EPS of $5.10 to $5.30.
  7. Net total debt to adjusted EBITDA ratio of 1.76, versus a target range of 2.30 to 2.50; Greg Foran was appointed Chief Executive Officer.

03—Questions

Frequently Asked Questions

  1. How did Kroger perform in the fourth quarter of 2025?

    Total company sales were $34.7 billion versus $34.3 billion a year earlier, and identical sales without fuel increased 2.4%. Reported EPS was $1.35 versus $0.90, and adjusted EPS was $1.28 versus $1.14. Gross margin was 23.1% versus 22.7%.

  2. What caused the large fiscal 2025 impairment charge?

    Fiscal 2025 operating profit includes $2.5 billion in previously announced impairment and related charges for the automated fulfillment network, which equated to a $2.91 loss per diluted share.

  3. What is Kroger's guidance for 2026?

    Kroger expects identical sales without fuel growth of 1.0% to 2.0% (including an approximately 130 basis point headwind from the Inflation Reduction Act), FIFO operating profit of $5.0 to $5.2 billion, adjusted EPS of $5.10 to $5.30, free cash flow of $2.7 to $2.9 billion, and capital expenditures of $3.8 to $4.0 billion.

  4. How is Kroger returning capital to shareholders?

    Kroger completed a $7.5 billion share repurchase authorization, including a $5 billion accelerated share repurchase and $2.5 billion in open market transactions. The Board approved an additional $2 billion authorization in December 2025, which Kroger expects to complete by the end of fiscal 2026. The company expects to continue paying its quarterly dividend, which it expects to increase over time, subject to board approval.

  5. What did the eCommerce strategic review conclude?

    Kroger stated the review is expected to deliver $400 million in eCommerce operating profit improvement in 2026 and establish a path to eCommerce profitability. Fiscal 2025 eCommerce sales exceeded $16 billion.

04—Continue

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