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Top analysts & firms

All analyzed callsNot limited to the selected quarter · analysts and firms with 2 or more questions

What does “challenging” mean?

Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.

Most active analysts

Analyst	Firm	Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Simeon Gutman	Morgan Stanley	13 questions · 15% challenging
Michael Lasser	UBS	12 questions · 58% challenging
John Heinbockel	Guggenheim	11 questions · 9% challenging
Leah Jordan	Goldman Sachs	11 questions · 0% challenging
Ed Kelly	Wells Fargo	11 questions · 9% challenging
Rupesh Parikh	Oppenheimer	9 questions · 0% challenging
Krisztina Katai	Deutsche Bank	5 questions · 0% challenging
Robbie Ohmes	Bank of America	5 questions · 0% challenging
Tom Palmer	JPMorgan	5 questions · 0% challenging
Mike Montani	Evercore ISI	5 questions · 0% challenging

Most active firms

Firm	Analysts	Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Morgan Stanley	1 analyst	13 questions · 15% challenging
UBS	1 analyst	12 questions · 58% challenging
Guggenheim	1 analyst	11 questions · 9% challenging
Wells Fargo	1 analyst	11 questions · 9% challenging
Goldman Sachs	1 analyst	11 questions · 0% challenging
Oppenheimer	1 analyst	9 questions · 0% challenging
JPMorgan	2 analysts	8 questions · 13% challenging
Evercore ISI	2 analysts	6 questions · 0% challenging

Q&A Topicsfrequency by quarter

	Margin	Competitive Dynamics	Pricing	Revenue Growth	Demand	Cloud & AI	Cost Pressure	Capex Investment
2024Q3	3	4	2	2	5	2	1
2024Q4	6	4	4	3	2	2	2	2
2025Q1	6	6	4	6	3	3	2	2
2025Q2	8	5	7	5	6	5	2	2
2025Q3	5	2	2	4	1	4		3
2025Q4	2	7	4	4	2	2	3	1
2026Q1	2	3	3	2	3		4

	'24Q3	'24Q4	'25Q1	'25Q2	'25Q3	'25Q4	'26Q1
Margin	3	6	6	8	5	2	2
Competitive Dynamics	4	4	6	5	2	7	3
Pricing	2	4	4	7	2	4	3
Revenue Growth	2	3	6	5	4	4	2
Demand	5	2	3	6	1	2	3
Cloud & AI	2	2	3	5	4	2
Cost Pressure	1	2	2	2		3	4
Capex Investment		2	2	2	3	1

Kroger KR

Sector: Consumer Defensive Industry: Grocery Stores

Low valuation · FY26 Q1

FY26 Q1, sector-relative: P/E 12x (10th), EV/Sales 1.4x (2nd).

CompanyFiscal year ends JanMost recent earnings call: Sep 11, 2026 (FY2026 Q2)Est. next earnings call: Dec 3, 2026

5/ 10

FY2026 Q1Mixed−1.0 vs FY2025 Q4Default view · newest free

Calendar quarter Q2 2026Earnings call Jun 18, 2026

FY2026 Q1 in brief

Kroger's first quarter under new CEO Greg Foran delivered identical sales excluding fuel of 1%, with total GAAP revenue up 2.2% to $46.1 billion, as strength in eCommerce, fresh, and Our Brands offset pharmacy and deflation headwinds.

MixedIdentical Sales Ex-Fuel +1%, Led By EComm, Fresh, Our Brands
PositiveECommerce Turned Profitable, +19% Growth
PositiveCOGS Savings 30% Ahead Of Plan

Full narrative and all 7 themes ↓

ScoringBase 5 · revenue +2.22%Transcript 0EPS 0Guidance 0Final 5

Newest quarter FY2026 Q2 is part of Pro ·

Score details · FY2026 Q1

calendar Q2 2026 · call Jun 18, 2026

Year over year · FY26 Q1 vs FY25 Q1: −1.0 ptsFY26 Q1 5 vs FY25 Q1 6
Analyst challenge ratePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. · all analyzed quarters: 11%

Share price · trailing year

daily closes, last 12 months — not scoped to the selected quarter · dots mark earnings calls, colored by that quarter’s score

KR $60.741Y -12.1%YTD -2.8%● earnings calls (score)

Sources. Tellvest earnings-call sentiment score for Kroger (KR), FY2026 Q1: 5/10. Scores: Kroger’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: KR daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.

Key financials

FY2026 Q1 selectedReported GAAP figures from SEC filings

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Quarter	Revenue	Rev YoY	EPS	EPS YoY	Op margin	Net margin	FCF
FY2024 Q4	$34.31B	-7.4%	$0.90	-10.9%	2.7%	1.8%	$520M
FY2025 Q1	$45.12B	-0.3%	$1.29	0.0%	2.9%	1.9%	$1.10B
FY2025 Q2	$33.94B	+0.1%	$0.91	+42.2%	2.5%	1.8%	$615M
FY2025 Q3	$33.86B	+0.7%	$-2.02	-340.5%	-4.6%	-3.9%	$8M
FY2025 Q4	$34.73B	+1.2%	$1.36	+51.1%	3.6%	2.5%	$1.80B
FY2026 Q1Selected	$46.12B	+2.2%	$1.46	+13.2%	3.1%	2.0%	$462M
FY2026 Q2	$34.62B	+2.0%	$1.05	+15.4%	2.8%	1.9%	$1M

As stated by management

Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).

EPS: “Adjusted EPS was $1.58, reflecting 6% growth compared to last year”
Revenue: “identical sales excluding fuel of 1%”
Guidance: “we are reaffirming our full year guidance”
Key metric

Mentions6

What KR and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.

Companies KR discussed

6 mentions

Aldinot trackedFY2026 Q1Competitor
“A good article about Aldi in the Financial Times today. Not everyone wants to go into a store with 2,500-3,000 own brand SKUs.”
Kroger's CEO contrasts its national-brand-plus-own-brand supermarket format against discounter Aldi's own-brand-heavy assortment.
Ocadonot trackedFY2026 Q1Partner
“We obviously communicated last year when we closed the Ocado sheds and included in our guidance the $400 million improvement in eCommerce.”
Kroger closed its Ocado-powered automated fulfillment sheds, tied to a $400 million eCommerce profitability improvement, a negative signal for the fulfillment-tech partner.
TikToknot trackedFY2026 Q1Partner
“We're also the first retail media network set to launch a self-service collaboration with TikTok, giving brands direct access to KPM audiences within one of today's most influential platforms.”
Kroger is launching a self-service retail-media collaboration with TikTok, giving advertisers access to KPM audiences on the platform.
GoogleFY2026 Q1Partner
“With Google's Display & Video 360 platform, advertisers can now use KPM's retail signals to reach audiences across YouTube and YouTube TV, with SKU-level conversion reporting available for the first time.”
Kroger's retail media network deepened a partnership with Google, connecting KPM retail signals to DV360, YouTube and YouTube TV inventory.
Uber EatsFY2026 Q1Partner
“Our new third-party partnerships with DoorDash and Uber Eats allow us to leverage our store network, provide faster delivery, and reach new customers.”
Kroger's new delivery partnership with Uber Eats extends the retailer's reach and drives incremental third-party platform volume.
DoorDashFY2026 Q1Partner
“Our new third-party partnerships with DoorDash and Uber Eats allow us to leverage our store network, provide faster delivery, and reach new customers.”
Kroger's new delivery partnership with DoorDash extends the retailer's reach and drives incremental third-party platform volume.

Sector Peersas of Q2 2026

Consumer Defensive

Company	Score	Rev YoY	Headline
KR Kroger	5	+2.2%	Kroger's first quarter under new CEO Greg Foran delivered identical sales excluding fuel of 1%, with total GAAP revenue up 2.2% to $46.1 billion, as strength in eCommerce, fresh, and Our Brands offset pharmacy and deflation headwinds
ADM Archer Daniels Midland	9	+7.0%	ADM delivered a marked step-up in the second quarter of 2026, reporting adjusted EPS of $1.84 and total segment operating profit of $1.5 billion as a constructive biofuels margin environment lifted results across all three segments
BF-B Brown–Forman	5	+2.0%	Brown-Forman closed fiscal 2026 with reported net sales down 1% and organic net sales flat, finishing ahead of its organic expectations as emerging international markets (+12%) and Travel Retail (+5%) offset a 3% decline in developed international markets, with Canada down nearly 60% on the U.S
BG Bunge Global	9	+88.3%	Bunge's second quarter revenue rose 88.28%, almost entirely reflecting the Viterra consolidation rather than organic expansion, with GAAP EPS of $3.46 up 32.57% and adjusted EPS of $2 against $1.31 a year earlier
CAG Conagra Brands	6	+3.6%	Conagra closed fiscal 2026 with net sales up 3.6%, but a large non-cash impairment drove a GAAP operating loss and a net loss of $3.37 per share
CELH Celsius Holdings, Inc.	6	+10.6%	Celsius Holdings delivered second quarter revenue of $818 million, up approximately 11% year-over-year, as Alani Nu net sales rose approximately 21% (tracked-channel retail sales up 56%) and the newly integrated Rockstar brand added roughly $66 million, more than offsetting an approximately 12% decline in brand CELSIUS net sales tied to a deep SKU rationalization and shipment-timing effects
CHD Church & Dwight	7	+1.6%	Church & Dwight delivered a second straight quarter of industry-leading organic sales growth of 5.8%, nearly double its 3% outlook, while GAAP net sales rose 1.6% as 2025 business exits masked the underlying momentum
CL Colgate-Palmolive	7	+4.9%	Colgate's reported results were shaped by a large restructuring charge: GAAP EPS eased to $0.86 as a Strategic Growth and Productivity Program charge and a double-digit step-up in advertising weighed on the bottom line, while base-business EPS, which excludes those charges, came in ahead of expectations
CLX Clorox	4	-2.0%	Clorox closed fiscal 2026 with GAAP net sales down 2.01% to $1,948M and diluted EPS of $1.34, roughly half the prior-year $2.68, as gross margin compressed on persistent inflation and interest expense climbed on debt from the recently closed GOJO (Clorox Purell) acquisition
COST Costco Wholesale Corporation	7	+11.6%	Costco delivered a strong third quarter, with net sales up 11.6% to $69.2 billion and net income rising 15% to $2.19 billion, or $4.93 per diluted share
CPB Campbell Soup Company	1	-4.4%	Campbell's fiscal Q3 2026 showed early signs of stabilization without escaping its broader pressures: GAAP net sales declined 4.4% and GAAP operating income fell 22.4%, with Snacks EBIT margin recovering sequentially from a little over 7% to about 10% but still down around 400 basis points year-over-year
DG Dollar General	8	+3.4%	Dollar General delivered net sales growth of 3.4% to $10.8 billion and same-store sales growth of 2%, while diluted EPS rose 12.4% to $2.00, exceeding the high end of management's internal expectations
DLTR Dollar Tree	8	+7.2%	Dollar Tree opened fiscal 2026 with accelerating execution: continuing-operations net sales rose 7.2% to $5 billion on a 3.5% comparable-sales gain led by a 4.5% increase in average ticket, even as traffic slipped 1% against an earlier Easter calendar
EL Estée Lauder Companies (The)	8	+6.2%	Estee Lauder closed fiscal 2026 with its strongest quarter of the year, as fourth-quarter organic sales grew 5% and full-year organic sales rose 3% with reported sales up 5%
GIS General Mills	6	+1.2%	General Mills closed fiscal 2026 with roughly flat GAAP revenue (+1.17% YoY), capping a year in which a bold base-price reset moved base volume from down about 10% to up about 1% and restored household penetration growth
HRL Hormel Foods	6	+2.5%	Hormel delivered a strong fiscal Q2 with organic net sales up 3%, its sixth consecutive quarter of organic growth, and adjusted EPS of $0.40, up 14% year over year (GAAP EPS was $0.29, down 12.12%, weighed by a one-time loss on the divested whole-bird turkey business booked to SG&A)
HSY Hershey Company (The)	8	+6.6%	Hershey delivered second-quarter revenue growth of about 7% with GAAP EPS rebounding to $2.26 from $0.31 a year earlier, as cocoa cost normalization drove a sharp margin recovery against a depressed prior-year base
KDP Keurig Dr Pepper	6	+75.6%	Keurig Dr Pepper closed the transformative JDE Peet's acquisition on April 1, lifting consolidated net sales 75.57% to $7.31 billion, though legacy KDP grew a solid 7.3% organically on balanced price and volume mix
KHC Kraft Heinz	4	-1.4%	Kraft Heinz's fiscal Q2 2026 GAAP revenue fell about 1.4% year over year to $6.26 billion, and the company posted a GAAP net loss of $5.5 billion (EPS of -$4.60), reflecting a large non-cash impairment as in the year-ago quarter, which makes the year-over-year earnings comparison uninformative
KMB Kimberly-Clark	5	+0.6%	Kimberly-Clark's fiscal Q2 2026 net sales were roughly flat year over year with organic sales broadly in line with the prior year, as a social-media-driven false-allegation episode disrupted China diaper sales and North America shipments lagged consumption by about 170 basis points
KO The Coca-Cola Company	7	+6.7%	Coca-Cola grew GAAP revenue 6.74% to $13.38 billion in the June quarter, with unit case volume up 5% and organic revenue up 6% against an easier prior-year comparison
KVUE Kenvue	5	+3.0%	Kenvue delivered its third consecutive quarter of net and organic sales growth, with net sales up 3.0% year-over-year on organic growth of 1.6% and a 1.4% foreign currency benefit, and gains across every segment and region
MDLZ Mondelez International	6	+4.1%	Mondelez grew GAAP revenue 4.13% year over year with positive volume mix, and GAAP diluted EPS of $1.20 was lifted by a favorable year-over-year change in commodity and currency derivative mark-to-market rather than by underlying earnings growth
MKC McCormick & Company	6	+16.7%	McCormick's fiscal Q2 2026 total sales rose 14% in constant currency, but the headline was carried by the newly consolidated McCormick de Mexico acquisition (12 points of growth), with organic sales up just 2% on pricing as Americas Consumer volumes declined amid widening price gaps in U.S
MNST Monster Beverage	8	+20.2%	Monster Beverage posted record second-quarter net sales of $2.54 billion, up 20.2% year over year and crossing the $2.5 billion threshold in a single quarter for the first time, with double-digit growth across every geographic region
MO Altria	6	+0.1%	Altria's net revenues were essentially flat year over year at +0.15%, with GAAP diluted EPS down 2.84% while adjusted diluted earnings per share increased by 2.8% to $1.48
PEP PepsiCo	6	+6.4%	PepsiCo's fiscal second quarter delivered GAAP revenue of $24.18 billion, up 6.4%, with first-half net revenue up about 7% and first-half constant-currency EPS up 3%
PG The Procter & Gamble Company	5	+1.5%	Procter & Gamble closed fiscal 2026 with net sales up 1.5% in the fourth quarter while organic sales rounded down to in line versus prior year, as a 3-point gap between U.S
PM Philip Morris International	7	+10.4%	Philip Morris International delivered a strong second quarter, with reported net revenue up more than 10% to surpass $11 billion for the first time and organic net revenue up 7.6%, while GAAP diluted EPS of $1.80 (down 7.7%) was weighed down by acquisition-related intangible amortization that management strips out to report adjusted diluted EPS of $2.20, up 15% in dollar terms
SJM J.M. Smucker Company (The)	8	+5.8%	J.M
STZ Constellation Brands	5	-3.3%	Constellation Brands delivered a solid start to fiscal 2027 with beer gross margins of 39% and 1.8% shipment growth, even as total GAAP net sales declined about 3% amid the wine & spirits divestiture and a volatile consumer backdrop
SYY Sysco	7	+4.7%	Sysco closed fiscal 2026 with total revenue up 4.7% to over $22 billion and GAAP EPS of $1.15 (adjusted EPS of $1.53), beating its prior adjusted-EPS and USFS-volume guidance
TAP Molson Coors Beverage Company	3	-3.3%	Molson Coors posted a pressured Q2 with GAAP revenue down 3.26% and GAAP EPS of $1.23 down 42%, or underlying EPS down 22.9% on a constant currency basis, as cost inflation and soft volumes compressed earnings well beyond the top-line decline
TGT Target Corporation	8	+6.7%	Target delivered a strong Q1 with net sales of $25.4 billion (+6.7% YoY) and 5.6% comp growth driven by a 4.4% traffic increase, with strength across all six merchandise categories and both stores and digital channels
TSN Tyson Foods	4	-0.1%	Tyson Foods reported third-quarter fiscal 2026 sales of $13.9 billion, essentially flat year over year as a 3.4% higher average sales price offset a 2.8% volume decline, while GAAP EPS rose to $0.52 from $0.18 a year earlier and adjusted EPS increased 9% to $0.99
WMT Walmart Inc.	6	+7.3%	Walmart delivered 7.3% reported revenue growth (5.7% constant currency) in FY2027-Q1, exceeding the top end of guidance by 120 basis points, with transaction growth the strongest in six quarters and eCommerce up 26% globally

Shared themes this quarter

KRADBFBGCACECHCLCLCOCPDGDLELGIHRHSKDKHKMKOKVMDMKMNMOPEPGPM

Macro signal alignment

Consumer spending

↓ KR↓ BF-B↓ CAG CELH CHD↓ CL CLX COST↓ DG DLTR↑ EL↓ GIS HRL HSY KDP KHC↓ KMB KO