secwatch.observer — SEC 8-K summary
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Issuer:     KROGER CO (KR)
CIK:        0000056873
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0001104659-23-122232
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kroger Q3 2023: Adj EPS $0.95 beats $0.88 prior year; updates FY23 guidance
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- GAAP EPS $0.88, adjusted EPS $0.95; revenue $34.0B, down 0.5% ex-fuel.
- Identical sales ex-fuel -0.6% (underlying +1.0% adjusting for Express Scripts).
- Updated FY23 guidance: adj EPS $4.50-$4.60 (raised low end), adj FIFO OP $4.9-$5.0B, identical sales 0.6%-1.0%.
- Net total debt to adj EBITDA ratio 1.40, below target range; share repurchase paused for Albertsons merger.
- Digital sales grew 11%, delivery sales up 20%; dividend expected to increase over time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56873/000110465923122232/0001104659-23-122232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56873/000110465923122232/tm2331653d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-122232

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