Kroger Company (NYSE:KR) on Friday reported second-quarter results that topped Wall Street expectations.

Adjusted earnings were $1.09 per share, beating the $1.06 estimate. Sales of $34.621 billion also topped the $34.580 billion estimate.

Kroger reaffirmed fiscal 2026 adjusted EPS guidance of $5.10 to $5.30, compared with the $5.21 estimate.

The company expects second-half earnings growth to benefit from cost savings, pharmacy margins, improving e-commerce profitability and continued retail media growth.

However, Kroger lowered its full-year identical-sales growth forecast, excluding fuel, to 0.2% to 0.8% from 1% to 2%. The revised outlook reflects first-half performance and continued consumer pressures.

CEO Greg Foran said, “Kroger delivered a solid second quarter, with adjusted EPS growth of 5 percent. I am pleased with the progress we are making. Our teams kept driving value for customers, improving execution in our stores, growing eCommerce profitably and managing costs with discipline. Improving sales momentum remains a top priority. While there is more work to do, I am confident in our plan to become America’s favorite grocer.”

Kroger shares rose 3.9% to trade at $60.73 on Monday.

These analysts made changes to their price targets on Kroger following earnings announcement.

• Evercore ISI Group analyst Michael Montani maintained the stock with an Outperform rating and lowered the price target from $75 to $70.
• Telsey Advisory Group analyst Joseph Feldman maintained the stock with an Outperform rating and cut the price target from $78 to $75.

Considering buying KR stock? Here’s what analysts think:

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