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Kroger 8-K/A Report, Financial Results (Sep 11, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed September 11, 2026
Period End
September 11, 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. Leadership change8-K · Mar ’19Mar ’19
  2. Leadership change8-K · Aug ’21Aug ’21
  3. Impairment8-K · Nov ’25Nov ’25

01—Abstract

Summary

Summary of the 8-K/A filed September 11, 2026. Cited figures are marked; the original filing is the authoritative source.

The Kroger Co. (NYSE: KR) reported second quarter 2026 results for the quarter ended August 15, 2026, in a press release furnished as Exhibit 99.1 to this Form 8-K.

Sales were $34.6 billiona versus $33.9 billion a year earlier, and operating profit was $971 million versus $863 million. Diluted EPS was $1.05 versus $0.91, and adjusted EPS was $1.09 versus $1.04. Identical sales without fuel rose 0.2%, compared with 3.4% in the prior-year quarter, and the release attributes an unfavorable 138 basis point impact to the Inflation Reduction Act.

Kroger reaffirmed its full-year 2026 adjusted EPS guidance of $5.10 to $5.30b and its FIFO operating profit guidance of $5.0 to $5.2 billion, but lowered its full-year identical sales without fuel guidance to 0.2% to 0.8% from 1.0% to 2.0%. Free cash flow guidance ($2.7 to $2.9 billion) and capital expenditure guidance ($3.8 to $4.0 billion) were also unchanged. The company repurchased $1.0 billion of shares during the quarter, has about $800 million remaining under its $2 billion authorization, and expects to complete those repurchases by the end of fiscal 2026.

Its net total debt to adjusted EBITDA ratio was 1.91, compared with 1.63 a year earlier and a target range of 2.30 to 2.50. The press release also notes an 11%c dividend increase earlier in the quarter, the 20th consecutive year of increases, and a planned investor update meeting on October 20, 2026, where longer-term financial targets will be shared. The filing's GAAP operating profit includes a large non-GAAP adjustment for a fulfillment network impairment, which is excluded from adjusted metrics.

02—Key points

Key Highlights

  1. Sales of $34.6 billion in Q2 2026 versus $33.9 billion in Q2 2025; operating profit rose to $971 million from $863 million.
  2. Diluted EPS of $1.05 versus $0.91; adjusted EPS of $1.09 versus $1.04.
  3. Identical sales without fuel increased 0.2%, versus 3.4% in the prior-year quarter, with an unfavorable 138 basis point impact from the Inflation Reduction Act.
  4. Full-year identical sales without fuel guidance lowered to 0.2% to 0.8% from 1.0% to 2.0%; adjusted EPS ($5.10 to $5.30) and FIFO operating profit ($5.0 to $5.2 billion) guidance reaffirmed.
  5. Repurchased $1.0 billion of shares in the quarter; about $800 million remains under the $2 billion authorization, with completion expected by end of fiscal 2026.
  6. Net total debt to adjusted EBITDA ratio of 1.91, up from 1.63 a year earlier and within the 2.30 to 2.50 target range's lower end context stated as target 2.30 to 2.50.
  7. Dividend increased 11% earlier in the quarter, the 20th consecutive year of increases; investor update meeting scheduled for October 20, 2026.

03—Questions

Frequently Asked Questions

  1. Did Kroger change its full-year 2026 guidance?

    Partly. Kroger lowered its full-year 2026 identical sales without fuel guidance to 0.2% to 0.8%, from 1.0% to 2.0%. It reaffirmed adjusted EPS guidance of $5.10 to $5.30, FIFO operating profit guidance of $5.0 to $5.2 billion, free cash flow guidance of $2.7 to $2.9 billion, and capital expenditure guidance of $3.8 to $4.0 billion.

  2. What drove the change in second-quarter profitability?

    Adjusted EPS grew 5 percent, which the CFO attributed to cost savings, strong pharmacy and fuel performance, and improved eCommerce profitability. Gross margin was 22.4% versus 22.5%, with the decline driven mainly by the mix effect of higher fuel sales, higher shrink, and higher transportation costs.

  3. How is Kroger returning capital to shareholders?

    Kroger repurchased $1.0 billion of shares in the quarter and $1.2 billion year to date under a $2 billion authorization announced in December 2025. About $800 million remains, and Kroger expects to complete those repurchases by the end of fiscal 2026. The company also raised its dividend by 11%, its 20th consecutive annual increase, and expects to keep paying and increasing the dividend subject to board approval.

  4. What should investors watch for next?

    Kroger will host an investor update meeting on October 20, 2026, where it plans to share details on its strategic initiatives and longer-term financial targets.

04—Continue

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