The earnings call reflects a strong overall performance with significant growth in e-commerce and identical sales, strategic pricing investments, and operational improvements. However, challenges such as declining fuel sales, store closures, and increased LIFO charges provide some concerns.

Company Guidance

During The Kroger Co.'s second quarter 2025 earnings call, several key metrics were highlighted that reflect the company's strategic progress and financial performance. Identical sales without fuel grew by 3.4%, marking the sixth consecutive quarter of improvement, with notable growth in pharmacy, e-commerce, and fresh categories. E-commerce sales surged by 16%, driven by delivery performance. Adjusted FIFO operating profit stood at $1.1 billion, while adjusted EPS increased by 12% to $1.04. The company's FIFO gross margin rate, excluding certain items, improved by 39 basis points, though decreased by nine basis points when excluding the sale of Kroger Specialty Pharmacy. Operating general and administrative expenses, excluding fuel and adjustment items, improved by five basis points. Looking ahead, Kroger raised its full-year identical sales without fuel guidance to a range of 2.7% to 3.4% and adjusted its net operating profit and EPS guidance. The company also plans to execute 30 major store projects in 2025 and expects a 30% increase in store openings for 2026.

E-Commerce Growth

E-commerce sales grew by 16% in the second quarter, led by delivery performance. This marks an important growth area for the company with improvements in both pickup and delivery profitability.

Identical Sales Increase

Identical sales without fuel grew 3.4%, marking the sixth consecutive quarter of such growth. The key drivers were pharmacy, e-commerce, and fresh categories.

Strategic Price Investments

Lowered prices on more than 3,500 products, improving price spreads against major competitors and maintaining stable gross margins.

Adjusted EPS Growth

Adjusted EPS grew by 12% compared to last year, marking the strongest growth rate since 2023.

Operational Improvements

OG&A rate improved by 41 basis points on an underlying basis, driven by productivity improvements and cost optimization.

Strength in Pharmacy and Retail Media

Strong growth in pharmacy scripts and retail media, with the latter seeing a slight acceleration in business performance.

Kroger Company (KR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 27, 2025	2025 (Q3)	1.03 / -	0.98	―	―	―
Aug 16, 2025	2025 (Q2)	0.99 / 1.04	0.93	11.83% (+0.11)	―	―
Jun 20, 2025	2025 (Q1)	1.46 / 1.49	1.43	4.20% (+0.06)
Mar 06, 2025	2024 (Q4)	1.11 / 1.14	1.34	-14.93% (-0.20)
Dec 05, 2024	2024 (Q3)	0.97 / 0.98	0.95	3.16% (+0.03)
Sep 12, 2024	2024 (Q2)	0.91 / 0.93	0.96	-3.12% (-0.03)
Jun 20, 2024	2024 (Q1)	1.35 / 1.43	1.51	-5.30% (-0.08)
Mar 07, 2024	2023 (Q4)	1.13 / 1.34	0.99	35.35% (+0.35)
Nov 30, 2023	2023 (Q3)	0.91 / 0.95	0.88	7.95% (+0.07)
Sep 08, 2023	2023 (Q2)	0.91 / 0.96	0.9	6.67% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 20, 2025	$65.19	$71.61	+9.85%
Mar 06, 2025	$61.91	$63.15	+2.00%
Dec 05, 2024	$59.03	$59.82	+1.34%
Sep 12, 2024	$50.47	$54.09	+7.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.