Kroger’s CEO Greg Foran has said that he is confident the company will become America’s favorite grocer, after a stagnant sales period mired by a lowered earnings forecast for investors.

The supermarket giant saw little uplift in its second quarter of the financial year. Recording $34.6 billion in net sales, a 0.2 per cent increase on the previous year, was a “solid” result for company, said Foran.

“I am pleased with the progress we are making,” he said. “Our teams kept driving value for customers, improving execution in our stores, growing e-commerce profitably, and managing costs with discipline.”

“Improving sales momentum remains a top priority. While there is more work to do, I am confident in our plan to become America’s favorite grocer.”

Profits lifted by 5.2 per cent year-on-year to $641 million following cost reductions at Kroger. Foran, however, told investors that the retailer expects a dip in sales for the rest of the year.

Previously issued guidance of a 1 to 2 per cent increase in sales for fiscal 2026 has been lowered to 0.2 to 0.8 per cent. The company’s CFO, David Kennerley, said the update reflects the economic climate.

“Our second quarter results demonstrate the resiliency of Kroger’s business model and the discipline with which our teams are executing,” he added.

“We will continue to invest in the business for growth, manage our margins with discipline and create long-term shareholder value.”