Kroger's Digital Growth and Pharmacy Mix Drive Margin Expansion
Dow Jones
Yesterday
Kroger's FIFO gross margin rate, excluding fuel, rent and depreciation, increased 13 basis points in the second quarter of 2026. The improvement reflects gains in eCommerce profitability, favorable pharmacy mix and sourcing initiatives, the company said. Adjusted eCommerce sales grew 20%, while Kroger Precision Marketing profit rose 24%. Higher shrink and transportation costs partially offset those benefits. CEO Greg Foran credited disciplined execution in stores and profitable online fulfillment as drivers of the margin gains
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