KROGER $KR Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $34.6B (Est. $34.58B) 🟡; +2% YoY 🔹 Adj. EPS: $1.09 (Est. $1.06) 🟢; +5% YoY 🔹 Adj. FIFO Oper Profit: $1.08B (Est. $1.01B) 🟢; -1% YoY Cuts FY26 Guide: 🔹 Identical Sales ex-Fuel: +0.2%-+0.8%; from +1.0%-+2.0% Affirms FY26 Guide: 🔹 Adj. EPS: $5.10-$5.30 (Est. $5.21) 🟡 🔹 Free Cash Flow: $2.7B-$2.9B (Est. $2.74B) 🟡 🔹 Cap Ex: $3.8B-$4.0B (Est. $3.9B) 🟡 🔹 Adj. FIFO Oper Profit: $5.0B-$5.2B (Est. $4.84B) 🟢 🔹 Tax Rate: 23% Other Q2 Metrics: 🔹 Identical Sales ex-Fuel: 0.2% 🔹 Gross Margin: 22.4%; -10 bps YoY 🔹 Adjusted eCommerce Sales Growth: 20% YoY 🔹 Kroger Precision Marketing Profit Growth: 24% YoY Capital Return: 🔹 Share Repurchases: $1.0B 🔹 Remaining Authorization: ~$800M 🔹 Dividend: $0.39/share Comments: 🔸 “we are updating our identical sales without fuel guidance to a new range of 0.2% to 0.8%” 🔸 “We are reaffirming our adjusted FIFO net operating profit and adjusted earnings per diluted share guidance”