Form 10-Q · Quarterly report
Kroger 10-Q, filed Sep 18, 2026
- Filed
- CIK
- 0000056873
- Accession no.
- 0001104659-26-108926
Summary
Kroger reported second-quarter 2026 sales of $34.62 billion, up 2.0%, with net earnings attributable to Kroger of $641 million ($1.05 per diluted share), and said it has agreed to acquire Giant Eagle in a transaction valued at approximately $1.65 billion.
Key points
- Identical sales excluding fuel rose 0.2% in the second quarter and 0.6% over the first two quarters, held back by effects attributed to the Inflation Reduction Act, a shift from brand to generic prescriptions, a Cyclospora outbreak and egg deflation.
- eCommerce sales increased 14% in the second quarter and first two quarters; excluding fulfillment center exits, the sale of Vitacost.com and the discontinuation of Ship Marketplace, they rose 20% and 19% respectively.
- Kroger announced on July 1, 2026 an agreement to acquire Giant Eagle for about $1.65 billion — $1.25 billion in cash plus roughly $400 million in assumed indebtedness — with limited store divestitures expected for regulatory clearance and closing expected in fiscal 2027.
- Second-quarter operating profit was $971 million, up 12.5%, while adjusted FIFO operating profit was $1,076 million, down 1.4%; share repurchases totaled $1,069 million in the quarter.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. The following analysis should be read in conjunction with the Consolidated Financial Statements. CAUTIONARY STATEMENT This 10-Q, including the financial statement notes and the following discussion and analysis, contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), about our future performance. These statements are based on management’s assumptions and beliefs in light of the information currently available to it. …
An excerpt of the text as filed with the SEC, cut for length.
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