Kroger Co. reported a net earnings increase of 4.3% for the first quarter of 2026, reaching $903 million, compared to $866 million in the same period last year. The company's diluted earnings per share rose to $1.46, a 13.2% increase from $1.29 in the prior year. Total sales for the quarter were $46.1 billion, reflecting a 2.2% increase from $45.1 billion in the first quarter of 2025. Sales excluding fuel showed a modest growth of 0.2%, indicating a slight improvement in core retail performance.
In terms of operational metrics, Kroger's identical sales, excluding fuel and the impact of labor disputes, increased by 1.0%. The growth was primarily driven by strong performances in eCommerce, pharmacy, and fresh products, although it was partially offset by a shift from brand to generic prescriptions and deflation in egg prices. The company also reported a significant 21.3% increase in supermarket fuel sales, attributed to a rise in average retail fuel prices.
Kroger's strategic initiatives included a focus on eCommerce, which saw a 13% increase in sales compared to the previous year. The company noted that its eCommerce business, including delivery solutions, was profitable during the quarter. Additionally, Kroger continued to invest in its store network, opening, expanding, or relocating 26 supermarkets and completing 285 remodels over the past year. The total supermarket square footage decreased by 1.0% year-over-year, but excluding mergers and closures, it increased by 1.0%.
The company’s financial position remained strong, with total assets increasing to $50.3 billion as of May 23, 2026, up from $50.0 billion at the end of January 2026. Total liabilities decreased to $43.8 billion, down from $44.0 billion, primarily due to a reduction in the current portion of long-term debt. Kroger's cash and temporary cash investments stood at $2.9 billion, providing a solid liquidity cushion for ongoing operations and strategic investments.
Looking ahead, Kroger's management expressed confidence in its ability to navigate market challenges and achieve its financial goals. The company plans to continue focusing on enhancing customer experience through its Fresh, Our Brands, and eCommerce initiatives while managing costs effectively. Kroger remains committed to returning value to shareholders through dividends and share repurchase programs, with $1.8 billion remaining under its current repurchase authorization.
About KROGER CO
Kroger is a leading U.S. grocery retailer offering supermarkets, pharmacies, and fuel centers across multiple formats. It focuses on delivering value, convenience, and personalized shopping experiences through its extensive store network and digital ecosystem. The company leverages data analytics, private label brands, and omnichannel services to enhance customer loyalty and drive high-margin alternative revenue streams.
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