What move does the options market price into Kroger's report?

Implied ±2.2%, either direction.

How often does Kroger move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

KRNYSERetail-Grocery Stores

Kroger Co (KR) earnings date, market-implied expected move, and options open interest by expiry

68.37

+1.61 · +2.41%

post 68.36 −0.01%

Closed18:47 ET

Open66.88Volume5.6MMkt cap$39.4BP/E36.95EPS1.85Div yield2.16%

Day66.88 – 68.5489%52-wk53.78 – 75.6667%

Kroger Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±2.2%implied · report alone

8Q avg ±4.5%·×0.48·cheap

66.8869.84

straddle ±6.3%

spot 68.36exp Dec 4ATM strike 68ATM straddle 5.05IV 31%

Nov 2 closereport share · term structure

Expected move

Inputs

Next report

Dec 3

before open · in 31 days

est.Q3 FY26

Calendar

Next report

Last report

+2.70%

vs ±6.7% implied · ×0.40

shaded = implied · ▲▼ = realized

Sep 11 '26 · confirmed

Implied vs realized

Largest filed tie

11.00%

of Vital Farms revenue

supplierVITL 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

−5.87%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

1,315 managers

Top fund weight

2.04%

KR weight · XLP

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Kroger (KR) is expected to report on Dec 3 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±4.9%
avg realized: ±4.5%

Mar 3 '25Mar 3 '25confirmed±5.1%▼−2.98%×0.58

Mar 6 '25Mar 6 '25confirmed±4.2%▲+2.00%×0.47

Jun 20 '25Jun 20 '25confirmed±4.0%▲+9.84%×2.48

Sep 11 '25Sep 11 '25confirmed±5.5%▲+0.30%×0.05

Q3 FY25Dec 4 '25confirmed±5.0%▼−4.62%×0.92

Mar 5 '26Mar 5 '26confirmed±4.4%▲+5.27%×1.19

Q1 FY26Jun 18 '26confirmed±4.1%▼−8.43%×2.07

Q2 FY26Sep 11 '26confirmed±6.7%▲+2.70%×0.40

quarterimplied−10%0+10%realized×

Q2 FY26±6.7%▲+2.70%×0.40

Q1 FY26±4.1%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Oct 29 close

2.46OI · 9 expiries · Oct 29 closeP/C open interest · Dec 4 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2 nearer expiries

3,998+145%Nov 64d2.641,516+4%2.64

533+5%Nov 1311d0.134,1610%0.13

8,601+3%Nov 2018d0.899,718+1%0.89

35+84%Nov 2725d0.021,6030%0.02

report · Dec 3 · before open · est.

2 later expiries

5,752+12%Mar 19137d1.523,786+13%1.52

1,3670%Apr 16165d1.89

ExpiryPutsCallsP/C

2 nearer expiries

Nov 64d3,998+145%1,516+4%2.64

Nov 1311d533+5%4,1610%0.13

Nov 2018d8,601+3%9,718

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±6.3%

Funds 4

XLP±0.1%

REVS±0.0%

RSP±0.0%

VIG±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

1.85%as filednet margin · revenue −24.93% QoQ · +2.01% YoY

Revenue

$34.6B−24.93% QoQ

Gross profit

$7.9B−26.06% QoQ

22.70% margin

Operating income

$971M−30.99% QoQ

2.80% margin

Pre-tax income

$840M−28.63% QoQ

Net income

$642M−28.98% QoQ

1.85% margin

Cost of revenue

$26.8B−24.60% QoQ

Operating expenses

$6.9B−25.31% QoQ

SG&A $6.0B

Depreciation $737M

Other operating $198M

Other expense

$131M

Tax

$198M−27.47% QoQ

Revenue$34.6B−24.93%

Gross profit

$7.9B−26.06%

22.70% margin

Operating income

$971M−30.99%

2.80% margin

Pre-tax income

$840M−28.63%

Net income

$642M−28.98%

1.85% margin

Cost of revenue

$26.8B−24.60%

Operating expenses

$6.9B−25.31%

SG&A $6.0B

Depreciation $737M

Other operating $198M

Other expense

$131M

Tax$198M−27.47%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 15 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 18:45 ET

Intraday

Event sensitivity

PPI ×1.47· ±1.7% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.7%6 of 10×1.47

NFPjobs report±1.5%5 of 10×1.25

CPIconsumer prices±1.4%4 of 10×1.23

PCEpersonal income & outlays±1.3%11 of 19×1.13

GDPgross domestic product±1.1%7 of 19×0.94

FOMCrate decision±1.1%7 of 24×0.92

CPROFcorporate profits±1.1%3 of 12×0.91

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 1.05 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Sep 11 '26 · confirmed	1.05	—
Q1 FY26	Jun 18 '26 · confirmed	1.46	—
Q3 FY25	Dec 4 '25 · confirmed	-2.02	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod