other material
confidence high
sentiment neutral
materiality 0.75
Kroger provides pro forma financials for Albertsons merger; combined FY2024 pro forma net income $1.31B
KROGER CO
- Pro forma FY2024 combined sales $208.2B, net earnings $1.31B, diluted EPS $1.78 (Kroger standalone $2.96).
- Pro forma Q1 2024 combined sales $63.1B, net earnings $740M, diluted EPS $1.00 (Kroger standalone $1.29).
- Merger consideration $15.9B ($27.25/share cash after special dividend) funded via $14.75B new debt.
- Divestiture to C&S of 579 stores, banners, and assets for ~$2.76B cash, subject to FTC clearance.
- Pro forma goodwill $10.5B; total assets $87.1B; long-term debt jumps to $32.1B.