Story perspectives

Kroger Posts $46.1B Sales, Profit Up, Same-Store Decline

6/20/2026

Summary

Story summary

Kroger posted $46.1 billion in sales for the quarter ended May 23, 2026, with operating profit up over 6%.
Digital sales rose 19% YoY, with e-commerce turning a profit and half the growth from sub-hour deliveries.
Identical-store sales fell 130 basis points because of federal prescription-drug payment changes and a shift to generics.
CEO Greg Foran said 60% of stores need better results, while CFO David Kennerley warned that costs are rising faster than sales, prompting cuts.

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Story summary

Kroger posted $46.1 billion in sales for the quarter ended May 23, 2026, with operating profit up over 6%.
Digital sales rose 19% YoY, with e-commerce turning a profit and half the growth from sub-hour deliveries.
Identical-store sales fell 130 basis points because of federal prescription-drug payment changes and a shift to generics.
CEO Greg Foran said 60% of stores need better results, while CFO David Kennerley warned that costs are rising faster than sales, prompting cuts.