March 5 - Kroger forecast muted full-year sales and profit on Thursday, laying out guidance that reflects a cautious view of consumer spending as its new chief executive begins leading the grocery chain.
The company projected 2026 identical sales excluding fuel to rise between 1% and 2%. The midpoint of that range falls short of the 2% comparable-sales growth analysts had expected. Kroger also set a range for adjusted earnings per share of $5.10 to $5.30, a band that is largely beneath the $5.29 consensus among analysts, according to data compiled by LSEG.
This report represents Kroger’s first set of results released under CEO Greg Foran. Prior to joining Kroger, Foran served as Walmart U.S. chief and delivered 20 consecutive quarters of comparable-sales growth in that role. His arrival in February concluded a period of leadership uncertainty at the company.
Kroger’s leadership change followed the March 2025 removal of CEO Rodney McMullen. A board investigation determined that McMullen’s personal conduct violated company policies, bringing his 11-year tenure to an end and creating a prolonged vacancy that was filled with Foran’s appointment in February.
Context and implications
The guidance underscores a guarded outlook for the supermarket operator amid what it describes as an uncertain spending environment. Management’s initial targets under Mr. Foran indicate measured expectations for top-line momentum and limited near-term upside to earnings versus analyst forecasts.
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