The strong sales growth acceleration from 1.5% to 2.9% YoY, combined with EPS growth and optimistic 2026 guidance, suggests Kroger's strategic initiatives are gaining traction. The significant share repurchase program enhances shareholder value, but investors should monitor whether the company can achieve its 2026 guidance given the challenging retail environment.
Price Chart
Executive Summary
Kroger reported strong fourth quarter and full-year 2025 results, with identical sales (excluding fuel) growth of 2.4% and 2.9% respectively, and adjusted EPS of $1.28 and $4.85. The company announced guidance for 2026 of 1.0-2.0% identical sales growth and $5.10-$5.30 adjusted EPS, while completing a $7.5 billion share repurchase and announcing an additional $2 billion authorization.
Key Financial Metrics
Key Facts
- Q4 identical sales (ex-fuel) grew 2.4% YoY, matching prior year
- Q4 adjusted EPS was $1.28, up from $1.14 in Q4 2024
- FY2025 adjusted EPS was $4.85, up from $4.47 in FY2024
- FY2025 identical sales (ex-fuel) grew 2.9%, up from 1.5% in FY2024
- Guidance for 2026: 1.0-2.0% identical sales growth and $5.10-$5.30 adjusted EPS
- Completed $7.5B share repurchase and announced additional $2B authorization
- eCommerce sales exceeded $16B in 2025 with 20% adjusted growth in Q4
Financial Impact
$4.85 adjusted EPS for full year 2025, up from $4.47 in 2024, with guidance for $5.10-$5.30 in 2026
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| eCommerce | $16.0B | +20.0% |
Risk Factors
- The 130 basis point headwind from the Inflation Reduction Act could pressure 2026 sales growth
- The $2.5B impairment charge in 2025 highlights ongoing challenges with the automated fulfillment network
- Increased OG&A rate in 2025 (29 bps) could pressure margins if not offset by productivity gains
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-023800 |
| Document: tm267907d1_8k.htm | 0001104659-26-023800 |
| Document: 0001104659-26-023800-index-headers.html | 0001104659-26-023800 |
| Document: 0001104659-26-023800-index.html | 0001104659-26-023800 |
| Document: 0001104659-26-023800.txt | 0001104659-26-023800 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | 8-K | $58.49 $60.00 | ▲ +2.58% | ▲ +2.80% | $59.37 (+1.50%) |
Sep 2, 2026 29d ago | 8-K | $58.51 $58.49 | ▼ −0.03% | ▲ +1.11% | $59.37 (+1.47%) |
Jul 1, 2026 13w ago | 8-K | $56.24 $58.54 | ▲ +4.09% | ▲ +3.83% | $59.37 (+5.57%) |
Jun 26, 2026 13w ago | 8-K | $55.91 $58.25 | ▲ +4.19% | ▲ +2.80% | $59.37 (+6.19%) |
Jun 25, 2026 14w ago | Court Ruling | $57.77 $58.22 | ▲ +0.78% | ▼ −0.65% | $59.37 (+2.77%) |
Jun 18, 2026 15w ago | 8-K | $56.61 $57.77 | ▲ +2.05% | ▲ +3.71% | $59.37 (+4.88%) |
May 27, 2026 18w ago | 8-K | $64.69 $61.22 | ▼ −5.37% | ▼ −5.84% | $59.37 (−8.22%) |
May 19, 2026 19w ago | Court Ruling | $70.62 $64.85 | ▲ +8.17% | ▲ +10.41% | $59.37 (+15.93%) |
May 12, 2026 20w ago | Court Ruling | $64.62 $70.60 | ▲ +9.25% | ▲ +9.86% | $59.37 (−8.12%) |
Apr 29, 2026 22w ago | Court Ruling | $67.09 $66.92 | ▼ −0.25% | ▼ −3.36% | $59.37 (−11.50%) |
US Market Status
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