What caused KR's EPS decline in Q2 and Q3 2025?

The specific EPS figures for Q2 and Q3 2025 are not available. However, we can analyze the factors that might have impacted Kroger's earnings during these quarters based on relevant news and information.

1. Legal Challenges and Merger Issues: Kroger has been involved in legal disputes, including one with C&S Wholesale Grocers over the Albertsons merger deal. Kroger alleges that C&S breached its contract and disparaged the divestiture deal to regulators, which could have had an adverse effect on Kroger's financial performance. Additionally, the legal challenges and potential liabilities associated with the Albertsons merger could have impacted Kroger's earnings.
2. Market Share Losses: There are concerns about Kroger's market share losses to Walmart, which could indicate increased competition and potentially lower profitability. Such losses in market share can lead to lower revenue and potentially lower EPS.
3. Operational Challenges and Costs: Kroger has faced challenges such as substantial fuel discounts tied to loyalty programs, the considerable but lower-margin prescription business, and estimated EBIT losses from digital channels. These operational challenges and costs can impact the overall profitability of the company and thus affect EPS.
4. New Product Development and Expansion: Kroger has been investing in new product development and store expansions, such as the planned $130 million investment in Cincinnati region stores. While these investments are crucial for long-term growth, they can be costly in the short term and may impact immediate earnings.
5. Macroeconomic Factors: Broader economic factors, such as market volatility and leadership changes, can also impact a company's financial performance. Kroger has faced leadership vacancies and changes, which could have affected its operations and profitability.

In conclusion, Kroger's EPS decline in Q2 and Q3 2025 could be attributed to a combination of legal challenges, market share losses, operational challenges, new product development, and macroeconomic factors. The exact impact of these factors may vary from quarter to quarter, depending on the specific circumstances and market conditions during each period.