secwatch.observer — SEC 8-K summary
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Issuer:     KROGER CO (KR)
CIK:        0000056873
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001104659-23-071412
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kroger Q1 adj. EPS $1.51 vs $1.45 YoY; reaffirms FY identical sales & adj. EPS guidance
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- Identical sales without fuel +3.5% (+5.0% underlying, adjusting for Express Scripts termination).
- Revenue $45.2B (+1.3% YoY); FIFO gross margin rate +21 bps ex fuel.
- Adjusted FIFO operating profit $1,669M vs $1,601M YoY; net total debt to adj. EBITDA ratio 1.34 (record low).
- FY 2023 guidance reaffirmed: identical sales 1-2%, adj. EPS $4.45-4.60; FCF guidance raised to $2.5-2.7B.
- Digital sales +15%; delivery sales +30%; share repurchase paused for Albertsons merger de-leveraging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56873/000110465923071412/0001104659-23-071412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56873/000110465923071412/tm2318560d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-071412

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