Grocery retailer Kroger released conservative financial projections Thursday as the company operates under new leadership amid challenging consumer spending conditions.
These represent the initial quarterly results presented by CEO Greg Foran, who previously led Walmart’s U.S. operations and achieved 20 consecutive quarters of comparable sales increases. Financial analysts had expressed optimism about his hiring last month.
The supermarket chain anticipates 2026 same-store sales growth, not including fuel, will range between 1% and 2%. The middle of this projection falls short of analyst expectations for 2% growth.
The company projected adjusted earnings per share will land between $5.10 and $5.30, mostly under analyst predictions of $5.29 based on LSEG data.
Kroger dismissed CEO Rodney McMullen in March 2025 after a board review determined his personal behavior breached company standards.
McMullen’s departure concluded an 11-year leadership period and created an extended executive void that concluded with Foran’s appointment in February.
