secwatch.observer — SEC 8-K summary
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Issuer:     KROGER CO (KR)
CIK:        0000056873
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001104659-23-027695
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kroger Q4 identical sales +6.2%, adj EPS $0.99; FY23 guidance $4.45-$4.60
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- Q4 identical sales without fuel +6.2%; total sales $34.8B vs $33.0B YoY.
- Q4 adjusted EPS $0.99 vs $0.91 YoY; GAAP EPS $0.62 includes $164M Vitacost impairment and $160M merger hedge charge.
- Full-year 2022 adjusted EPS $4.23 (+15% YoY); cost savings >$1B for fifth consecutive year.
- FY2023 guidance: adjusted EPS $4.45-$4.60 (incl. $0.15 from 53rd week); identical sales growth 1.0%-2.0% (underlying 2.5%-3.5%).
- Net total debt to adjusted EBITDA 1.57; share repurchase paused to prioritize de-leveraging after Albertsons merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56873/000110465923027695/0001104659-23-027695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56873/000110465923027695/tm238154d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-027695

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer