These Analysts Slash Their Forecasts On Kroger Following Q1 Earnings - Kroger (NYSE:KR)

Kroger’s first-quarter results prompted analysts to adjust their outlooks, even as the company maintained key guidance. Kroger reported adjusted earnings of $1.58 per share, slightly below the $1.59 consensus estimate, while revenue rose to $46.12 billion versus expectations of $45.47 billion. The retailer reaffirmed its fiscal 2026 outlook for identical sales, excluding fuel, to rise 1% to 2%, and projected adjusted earnings of $5.10 to $5.30 per share against a $5.27 Wall Street consensus. Kroger also kept forecasts for FIFO operating profit of $5.0 billion to $5.2 billion, free cash flow of $2.7 billion to $2.9 billion, and capital expenditures of $3.8 billion to $4.0 billion. CEO Greg Foran reiterated the company’s goal to become “America’s best grocer.” Shares rose 0.7% to $56.99 on Monday. Morgan Stanley lowered its price target to $67 from $73, and Barclays cut it to $61 from $68.