The Kroger Co. (KR) Earnings Call Transcripts

The Kroger Co.'s Latest Earnings Call - October 20, 2026

In the third quarter of fiscal year 2026, The Kroger Co. reported a revenue of $34.5 billion, reflecting a 2% increase year-over-year. Adjusted earnings per share (EPS) were $0.75, which was inline with expectations. Management raised their long-term guidance, targeting approximately 3% comparable sales growth by 2029, excluding fuel and pharmacy, and a compound annual growth rate (CAGR) of 3% to 6% for adjusted EBITDA over the same period. This positive outlook is driven by a focus on enhancing customer value through simplified pricing and promotions, alongside a robust digital growth strategy.

Reported metrics

Guidance from management

Kroger raised its long-term guidance, targeting approximately 3% comparable sales growth by 2029, excluding fuel and pharmacy. They also expect adjusted EBITDA to grow at a CAGR of 3% to 6% over the same period.

What management said

Thank you, Greg, and thank you for the entire leadership team for their presentations today. In just a moment, we'd now like to open the floor for questions. After the stage is set, I'll invite all of our presenters up to join on stage as we prepare for Q&A. As they come up, I'd like to briefly touch on how we will be handling today's Q&A. [Operator Instructions]

I think that that's the important thing is one of the reasons we feel confident growth is, a, that we're seeing the customers respond where we're doing this. And we're using our data promotions so that we're listening to the customer investing from the promotions that we simplify into lower at prices. And the most important thing is that the customers are responding. And we're seeing unit traffic growth. And as tim...

What analysts pressed on

Analysts expressed concerns about the potential impact of simplifying promotions on customer traffic and sales in the short term. There were questions about how the shift in pricing strategy would affect competitive positioning and whether Kroger could maintain margins while implementing these changes.

Main topics on the call

• Revenue Growth and Guidance — Kroger's revenue for Q3 2026 was $34.5 billion, a 2% increase YoY. Management raised their long-term guidance to target approximately 3% comparable sales growth by 2029, excluding fuel and pharmacy. CEO Greg Foran stated...
• Customer Value Strategy — Kroger is shifting its pricing strategy to make value more visible to customers. This includes lowering everyday prices and simplifying promotions. Mary Ellen Adcock emphasized, "We will reallocate value from the promoti...
• Digital Growth Initiatives — Kroger is focusing on enhancing its e-commerce capabilities, with a goal for e-commerce to represent 30% of its business in the long term. Nate Faust highlighted, "We already have an $18 billion e-commerce business... an...
• Store Expansion Plans — Kroger plans to open approximately 110 new stores by 2029, focusing on high-return markets. David Kennerley noted, "We expect to generate approximately $7 billion in annualized incremental sales at maturity through these...

Read the full The Kroger Co. transcript (October 20, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 39 The Kroger Co. earnings call transcripts on record, spanning March 5, 2020 to October 20, 2026. Based on this history, The Kroger Co. reports quarterly. The most recent call on file is dated October 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KR

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

39

First call

March 5, 2020

Most recent

October 20, 2026

Reporting cadence

quarterly