Kroger Lowers Full-Year Identical Sales Guidance

Dow Jones
09/11

Kroger cut its full-year 2026 identical sales guidance without fuel to a range of 0.2% to 0.8%, down from its earlier forecast of 1.0% to 2.0%. The grocer attributes about 140 basis points of the headwind to the Inflation Reduction Act, which affects pharmacy reimbursement rates. The company reaffirmed its adjusted EPS target of $5.10 to $5.30, citing cost discipline and strong pharmacy and fuel performance. Second-quarter identical sales without fuel rose just 0.2%, compared with 3.4% in the year-ago period

 

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.

 

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