Harris Teeter Plans $253M Investment in Charlotte Store Upgrades, Three New Locations

Albertsons (ACI) reported flat Q2 revenue at $24.94B, missing EBITDA estimates, and is down 14%. Grocery Outlet (GO) reported $1.19B revenue, up 1.1%, and is up 12.5%. Sprouts (SFM) reported $2.33B revenue, up 4.7%, and is down 9.4%. Kroger (KR) reported $34.62B revenue, up 2%, and is up 7.7%.

Kroger plans to invest $253 million over three years to renovate and expand Harris Teeter stores in the Charlotte, North Carolina area, including three new locations. Upgrades will focus on fresh food, layout, and delivery services.

Kroger reported a $641M profit on $24.6B sales, missing analyst estimates. The company attributed a $100M+ sales loss to a summer cyclosporiasis outbreak, which drove shoppers away from produce. Kroger also lowered its 2026 sales forecast to 0.2%-0.8% growth, down from 1%-2%.

Kroger (NYSE:KR) cut its 2026 identical-sales forecast to 0.2%–0.8% from 1%–2%, citing weaker demand. Q2 sales rose 0.2%, below estimates. Factors included consumer pressure, a Cyclospora outbreak, and pharmacy revenue headwinds. EPS beat estimates at $1.09, and the company maintained its operating-profit forecast. Kroger is focusing on cost management and e-commerce growth to offset sales declines.

Kroger reduced its 2026 identical sales growth forecast to 0.2%-0.8% from 1%-2%. Q2 2026 sales rose to $34.62bn, with identical sales up 0.2%. Operating profit increased to $971m, and EPS grew to $1.05. The company cited higher fuel sales and costs but maintained other full-year targets. CEO Greg Foran highlighted progress in customer value and cost management.

Kroger reported Q2 2026 sales of $34.6B, up from $33.9B last year. Digital sales rose 20%, and pharmacy profits increased due to generic medicine sales. Operating profit grew to $971M, while adjusted FIFO operating profit dropped to $1.07B. The company expects full-year core sales growth of 0.2-0.8% and maintains its FIFO operating profit outlook at $5.0-5.2B.