Kroger trims 2026 sales outlook despite profit gains

Kroger has lowered its full-year 2026 sales outlook to 0.2%-0.8%, excluding fuel, from the previously stated 1%-2% range. Despite this reduction, the company reported a 0.2% increase in identical sales, excluding fuel, in the second quarter of 2026 compared to the same period in 2025. The company attributed the decline to higher fuel sales, increased shrinkage, higher transportation costs, and greater value passed on to customers, which were partly offset by stronger e-commerce profitability and media performance, a favorable pharmacy mix, sourcing initiatives, tariff refunds, and a smaller last-in, first-out charge.

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