KR Q2 2025 Earnings
Reported Sep 11, 2025 at 8:14 AM ET · SEC Source
Q2 25 EPS
$1.04
BEAT +4.25%
Est. $1.00
Q2 25 Revenue
$33.94B
MISS 0.62%
Est. $34.15B
vs S&P Since Q2 25
-9.1%
TRAILING MARKET
KR +0.5% vs S&P +9.6%
Market Reaction
Did KR Beat Earnings? Q2 2025 Results
Kroger delivered a stronger-than-expected second quarter of fiscal 2025, posting adjusted EPS of $1.04 against the $1.00 consensus, a 4.25% beat, even as total revenue of $33.94 billion came in just 0.62% shy of estimates and was essentially flat yea… Read more Kroger delivered a stronger-than-expected second quarter of fiscal 2025, posting adjusted EPS of $1.04 against the $1.00 consensus, a 4.25% beat, even as total revenue of $33.94 billion came in just 0.62% shy of estimates and was essentially flat year over year at +0.1%. The headline revenue figure, however, masks real underlying momentum: the comparison is distorted by the divestiture of Kroger Specialty Pharmacy, which contributed $718 million in the year-ago period, and excluding that drag alongside fuel, sales grew 3.8%. Identical sales without fuel accelerated sharply to 3.4% from 1.2% a year ago, driven by pharmacy, eCommerce, which surged 16%, and Fresh, while gross margin expanded to 22.5% from 22.1%. Net income jumped 30.7% to $609 million. Encouraged by the momentum, management raised full-year adjusted EPS guidance to $4.70–$4.80 and lifted the low end of its identical sales target to 2.7%–3.4%, a reassuring signal for investors who view Kroger as one of the more recession-resistant consumer staples names in the market.
Key Takeaways
- • Identical sales without fuel increased 3.4%
- • eCommerce sales increased 16%
- • Gross margin improved to 22.5% from 22.1% driven by Kroger Specialty Pharmacy divestiture, lower supply chain costs, and lower shrink
- • Pharmacy, eCommerce, and Fresh led sales growth
- • Encouraging improvement in grocery volumes
- • OG&A rate decreased 5 basis points excluding fuel and adjustment items due to improved productivity
- • FIFO gross margin rate increased 39 basis points excluding rent, D&A, fuel and adjustment items
KR YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“Kroger delivered another quarter of strong results, which demonstrates the clear and measurable progress we've made on our priorities – to simplify our organization, to improve the customer experience and to focus on work that creates the most value.”
— Ron Sargent, Q2 2025 Earnings Press Release
KR Earnings Trends
KR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KR EPS Trend
Earnings per share: estimate vs actual
KR Revenue Trend
Quarterly revenue: estimate vs actual
KR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.46 | $1.49 | +2.23% | $45.12B | -0.42% |
| Q4 25 BEAT FY | $1.20 | $1.28 | +6.67% | $34.73B | — |
| FY Full Year | $4.80 | $4.85 | +1.03% | $147.64B | -0.28% |
| Q3 25 BEAT | $1.03 | $1.05 | +1.69% | $33.86B | -0.94% |
| Q2 25 BEAT | $1.00 | $1.04 | +4.25% | $33.94B | -0.62% |