$0.80
Adjusted Net Earnings Per Diluted Share in Q2 2021
Second quarter net earnings were $467 million, or $0.61 per diluted share. Adjusted net earnings were $610 million, or $0.80 per diluted share. Identical sales, without fuel, decreased 0.6%. On a two-year stack basis, identical sales, without fuel, increased 14.0%. Digital sales grew 114% on a two-year stack basis. Our strategic focus on leading with fresh and accelerating with digital continues to build momentum across our business. Kroger’s seamless ecosystem is working. This was evident during the quarter as we saw customers seamlessly shift between channels, and we continued to see strong digital engagement. Customers are eating more food at home because it is more affordable, convenient, and healthier than other options. We are leveraging technology, innovation, and our competitive moats to deliver against the initiatives outlined at our 2021 investor day, and we remain confident in our ability to deliver total shareholder returns of 8% to 11% over time.