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Kroger Cuts 2026 Sales Outlook Despite Q2 Profit Growth

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The Story

News Summary

  • Kroger lowered its full-year 2026 identical sales guidance, excluding fuel, to 0.2%-0.8% from 1%-2%, despite reporting higher Q2 operating profit of $971 million and adjusted EPS growth to $1.09.
  • The grocer maintained its broader full-year financial targets, citing higher shrink and transportation costs offset by e-commerce gains.
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