Kroger Co (NYSE:KR, ETR:KOG) reported better than expected financial results for its second quarter 2025, and raised its annual sales forecast on strong consumer demand.
The grocery chain’s adjusted earnings for the period came in at $1.04 per share, exceeding the $0.99 consensus estimate according to data compiled by LSEG.
Its same-store sales for the period, excluding fuel, increased 3.4%, compared with analysts' estimates of 2.84%.
"Sales growth has been strong, led by pharmacy, eCommerce and Fresh, and we are encouraged by the improvement in grocery volumes," Kroger chief financial officer David Kennerley said in a statement.
“As a result, we are raising our identical sales without fuel guidance to a new range of 2.7% to 3.4%."
In June, the company stated it had been focusing on promotions and maintaining low prices to meet growing customer demand for value, reducing prices on more than 2,000 products so far this year.
Kroger shares gained 1% to $67.71 in early trading on Thursday.