secwatch / observer
8-K filed November 18, 2025, 6:59 PM ET ticker KR CIK 0000056873
other material confidence high sentiment negative materiality 0.80

Kroger to close three automated fulfillment centers; expects $2.6B impairment charge in Q3 2025

KROGER CO

item 2.06item 7.01item 9.01

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JSON Markdown Plain text

Source-grounded claims

6e6811cfa896b8170fb0175cabd1f446a42f66d0

KROGER CO announced a impairment with charges of approximately $2.6 billion affecting certain fulfillment centers in the United States.

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

SEC 8-K Item 2.05/2.06 confidence 0.9 SEC evidence

Comparable filings

CRMT

America's Car-Mart to close 42 stores (31% of total); non-cash impairment ~$14M due to capital constraints

AMERICAS CARMART INC April 7, 2026, 7:59 PM ET other_material Items 2.05, 2.06, 7.01, 9.01

same fact type: restructuring_charge same SEC item: 2.06, 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

the Company expects to record a non-cash impairment charge of approximately $14 million related to assets at the closing locations.

Filing page SEC filing

WAL

Western Alliance records $126.4M impairment on LAM loan default; files lawsuit

WESTERN ALLIANCE BANCORPORATION March 6, 2026, 6:59 PM ET other_material Items 2.06, 7.01, 9.01

same fact type: restructuring_charge same SEC item: 2.06, 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

On March 2, 2026, the Company concluded that a material charge for impairment would result from notification of this breach of contract. The outstanding balance on this loan is $126.4 million. Based on currently available information, the non-cash impairment charge associated with this facility, which will be recognized in the first quarter of 2026, will be $126.4 million.

Filing page SEC filing

F

Ford records ~$19.5B in special items, cancels EVs, ends F-150 Lightning, launches battery storage

FORD MOTOR CO December 15, 2025, 6:59 PM ET other_material Items 2.06, 7.01, 9.01

same fact type: restructuring_charge same SEC item: 2.06, 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

As a result, we concluded that our Ford Model e segment long-lived assets are impaired. In addition, we will write down certain other long-lived assets related to the canceled EVs. The aggregate expected pre-tax write-down is estimated to be about $8.5 billion, which will be recognized in the fourth quarter of 2025.

Filing page SEC filing

BELFA

Bel Fuse expects ~$14M pre-tax impairment in Q4 2025 on Innolectric investment after insolvency filing

BEL FUSE INC /NJ December 3, 2025, 6:59 PM ET other_material Items 2.06, 7.01, 9.01

same fact type: restructuring_charge same SEC item: 2.06, 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

sheet. As a result of these developments, based on currently available information and estimates, Bel anticipates recording a pre-tax impairment charge of up to approximately $14 million in the fourth quarter of 2025, representing the potential full loss of Bel’s Innolectric investment and notes receivable. The final amount of the impairment charge will be

Filing page SEC filing

KOP

Koppers conditionally plans to shut Stickney, IL chemical operations; Q1 adjusted EPS down 19.7%

Koppers Holdings Inc. May 8, 2026, 7:59 PM ET other_material Items 2.02, 2.05, 5.02, 5.07, 7.01, 9.01

same fact type: restructuring_charge same SEC item: 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

potentially appropriate uses for the Stickney facility following the end of production activities. The Company expects this action to result in pre-tax charges to earnings of $227 million to $262 million through the end of 2029, approximately $170 million to $195 million of which constitutes non-cash charges and approximately $57 million to $67 million of which

Filing page SEC filing

NET

Cloudflare Q1 revenue $639.8M +34% YoY; announces 20% workforce reduction

Cloudflare, Inc. May 7, 2026, 7:59 PM ET other_material Items 2.02, 2.05, 7.01, 9.01

same fact type: restructuring_charge same SEC item: 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan

Filing page SEC filing

IAC

IAC announces name change to 'People Incorporated', restructuring with $40M cost savings, and C-suite changes

IAC Inc. April 28, 2026, 7:59 PM ET other_material Items 2.02, 7.01, 2.05, 5.02, 9.01

same fact type: restructuring_charge same SEC item: 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

Ahead of its name change to "People Incorporated" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (" People "), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the " Plan "). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.

Filing page SEC filing

SNAP

Snap reports Q1 rev ~$1.53B (+12% YoY), adj EBITDA ~$233M; cuts 16% of staff (~1,000 jobs)

Snap Inc April 15, 2026, 7:59 PM ET other_material Items 2.02, 2.05, 7.01, 9.01

same fact type: restructuring_charge same SEC item: 7.01, 9.01 same event type: other_material similar materiality

This filing

On November 18, 2025, The Kroger Co. (“Kroger” or the “Company”) announced updates to its eCommerce plan. In connection with the foregoing, the Company will close certain fulfillment centers in the United States. The Company expects to incur impairment and related charges in the third fiscal quarter of 2025 of approximately $2.6 billion as a result of these closures and the rest of the automated fulfillment network not meeting financial expectations.

Comparable filing

increased operational efficiencies to accelerate our path toward net-income profitability. As a result, we currently estimate that we will incur pre-tax charges in the range of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected

Filing page SEC filing

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