Kroger to Report Q2 Earnings Amid Analyst Expectations of Slight EPS Growth
The Kroger Co. (KR) is set to report its second-quarter earnings, with analysts expecting a diluted EPS of $1.05 for the period, up slightly from $1.04 in the same quarter last year. The company has outperformed Wall Street's expectations in three of the past four quarters but missed once. For fiscal 2027 and beyond, analysts project continued growth with an expected EPS increase to $5.21 for FY2027 and further to $5.54 by FY2028. Kroger has underperformed both the S&P 500 Index ($SPX) and the consumer staples sector ETF (XLP), declining 21.4% over the past year due to concerns about rising competition, cost inflation, and cautious consumer spending in a challenging grocery market. On July 23, shares fell after reports indicated that nearly half of U.S. consumers were reducing their grocery budgets. Despite recent underperformance, analysts remain cautiously optimistic with a consensus 'Moderate Buy' rating for KR stock. The average analyst price target is $71.71, suggesting potential upside from the current share price.
Tickers: $KR