secwatch.observer — SEC 8-K summary
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Issuer:     KROGER CO (KR)
CIK:        0000056873
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0001104659-24-125772
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kroger Q3 adjusted EPS $0.98 beats prior year; narrows FY2024 guidance higher
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- Identical sales without fuel up 2.3%; total sales $33.6B down from $34.0B due to pharmacy sale and lower fuel.
- Adjusted FIFO operating profit $1,017M vs $1,022M prior year; operating profit $828M vs $912M.
- Narrows FY2024 guidance: identical sales 1.20%-1.50% (prev 0.75%-1.75%), adjusted EPS $4.35-$4.45 (prev $4.30-$4.50).
- Closed sale of specialty pharmacy for $464M on Oct 4, 2024; reduced sales by ~$340M in Q3.
- Net total debt/adjusted EBITDA ratio improved to 1.21 from 1.40 a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56873/000110465924125772/0001104659-24-125772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56873/000110465924125772/tm2429993d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-125772

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