Kroger shares drop 8% after Q1 results meet expectations but lack clarity on strategy details.

Kroger's shares fell over 8% following its first-quarter results that met expectations and confirmed its full-year outlook. Investors sought more clarity on Kroger's planned investments and cost-saving strategies, which management said would fund price and value improvements without being the lowest-price retailer. E-commerce sales grew 19%, and cost savings exceeded plans by 30%, but the company deferred detailed strategy disclosures to its October investor day. Despite consumer pressures, Kroger expects earnings growth to accelerate in the second half of 2026.