Amid a focus on the latest round of US corporate earnings, the grocery retailer is poised to record its most severe one-day stock decline in close to five years this Thursday, following quarterly results that fell just short of market forecasts.

Around 12:30 PM Eastern Time, shares of Kroger were down approximately 7.4%, hitting a new 52-week low. If this loss holds through the close of trading on Thursday, it will mark the stock's largest single-day drop since a 7.5% plunge in September 2021.

The Ohio-based company reported first-quarter adjusted earnings per share of $1.58, slightly below the consensus analyst estimate of $1.59 per share compiled by financial data provider FactSet. However, the company's total revenue for the quarter reached $46.12 billion, surpassing the Wall Street expectation of $45.59 billion.

Since the start of 2026, Kroger shares have now declined by more than 8%.