Kroger Co. Files 2024 Annual Report on Form 10-K

TL;DR

<b>Kroger Co. has filed its 2024 10-K report detailing its financial performance and position for the fiscal year ending February 3, 2024.</b>

AI Summary

KROGER CO (KR) filed a Annual Report (10-K) with the SEC on April 2, 2024. Kroger Co. filed its annual report for the fiscal year ending February 3, 2024. The company is incorporated in Ohio and operates in the grocery store retail sector. The filing includes financial data and disclosures for the fiscal year 2023. Key financial statement items such as retained earnings and treasury stock are detailed. The report covers various financial instruments including interest rate swaps and equity securities.

Why It Matters

For investors and stakeholders tracking KROGER CO, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Kroger's financial health, operational performance, and strategic initiatives for the past fiscal year, crucial for investors and stakeholders to assess the company's trajectory. The detailed financial disclosures, including debt, equity, and asset information, are essential for understanding Kroger's capital structure and its ability to manage financial obligations and pursue growth opportunities.

Risk Assessment

Risk Level: — KROGER CO shows moderate risk based on this filing. The company's financial performance is subject to market risks inherent in the retail grocery sector, including competition and changing consumer preferences, which could impact revenue and profitability.

Analyst Insight

Investors should review Kroger's detailed financial statements and risk factors in the 10-K to assess its long-term growth prospects and competitive positioning.

Key Numbers

• 2024-02-03 — Fiscal Year End (20240203)
• 2024-04-02 — Filed As Of Date (20240402)

Key Players & Entities

• KROGER CO (company) — FILER
• 0000056873 (company) — CENTRAL INDEX KEY
• OH (company) — STATE OF INCORPORATION
• 5137624000 (dollar_amount) — BUSINESS PHONE
• 20240203 (date) — FISCAL YEAR END
• 20240402 (date) — FILED AS OF DATE

FAQ

Industry Context

Kroger operates within the highly competitive retail grocery store sector, facing challenges from traditional supermarkets, discount retailers, and online grocers.

Regulatory Implications

The company is subject to various federal and state regulations governing food safety, labor practices, and consumer protection within the retail industry.

What Investors Should Do

1. Analyze Kroger's revenue streams and growth drivers for the fiscal year 2023.
2. Evaluate the company's debt structure and liquidity position based on the 10-K disclosures.
3. Assess the competitive landscape and Kroger's market share within the grocery retail sector.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year ending February 3, 2024, providing updated financial and operational information compared to the previous year's filings.

Key Financial Figures

• $1.00 — h exchange on which registered Common, $1.00 Par Value KR New York Stock Exchang
• $31 billion — handising strategy and represented over $31 billion of our sales in 2023. Our supermarkets,
• $210 million — y want. In 2023, we spent approximately $210 million on training our associates through onbo
• $3,500 — imbursement benefit, which offers up to $3,500 annually — $21,000 over the course of e
• $21,000 — t, which offers up to $3,500 annually — $21,000 over the course of employment — toward
• $54 million — 2023. Kroger has invested approximately $54 million in this program since it launched in 20
• $19 — ing in an average hourly rate of nearly $19, and a rate of nearly $25 with comprehe
• $25 — ate of nearly $19, and a rate of nearly $25 with comprehensive benefits factored in
• $2.4 billion — e years, we have now invested more than $2.4 billion in incremental wage investments. We rem

Filing Documents

• kr-20240203x10k.htm (10-K) — 4580KB
• kr-20240203xex21d1.htm (EX-21.1) — 66KB
• kr-20240203xex23d1.htm (EX-23.1) — 4KB
• kr-20240203xex24d1.htm (EX-24.1) — 16KB
• kr-20240203xex31d1.htm (EX-31.1) — 17KB
• kr-20240203xex31d2.htm (EX-31.2) — 18KB
• kr-20240203xex32d1.htm (EX-32.1) — 9KB
• kr-20240203xex97.htm (EX-97) — 19KB
• kr-20240203x10k001.jpg (GRAPHIC) — 60KB
• 0001558370-24-004603.txt (&nbsp;) — 20203KB
• kr-20240203.xsd (EX-101.SCH) — 97KB
• kr-20240203_cal.xml (EX-101.CAL) — 129KB
• kr-20240203_def.xml (EX-101.DEF) — 393KB
• kr-20240203_lab.xml (EX-101.LAB) — 1000KB
• kr-20240203_pre.xml (EX-101.PRE) — 699KB
• kr-20240203x10k_htm.xml (XML) — 4784KB

Business

Business 3 Item 1A

Risk Factors

Risk Factors 11 Item 1B Unresolved Staff Comments 19 Item 1C Cybersecurity 20 Item 2

Properties

Properties 21 Item 3

Legal Proceedings

Legal Proceedings 22 Item 4 Mine Safety Disclosures 22 Part II 22 Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 6 Reserved 24 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 51 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 99 Item 9A Evaluation of Disclosure Controls and Procedures 99 Item 9B Other Information 99 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 99 Part III 100 Item 10 Directors, Executive Officers and Corporate Governance 100 Item 11

Executive Compensation

Executive Compensation 100 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 100 Item 13 Certain Relationships and Related Transactions, and Director Independence 101 Item 14 Principal Accounting Fees and Services 101 Part IV 102 Item 15 Exhibits, Financial Statement Schedules 102 Item 16 Form 10-K Summary 104

Signatures

Signatures 105 PART I

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS. This Annual Report on Form 10-K contains forward-looking statements about our future performance. These statements are based on our assumptions and beliefs in light of the information currently available to us. These statements are subject to a number of known and unknown risks, uncertainties and other important factors, including the risks and other factors discussed in "Risk Factors" below, that could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward looking statements. Such statements are indicated by words such as "achieve," "affect," "anticipate," "assumptions," "believe," "committed," "continue," "could," "deliver," "effect," "enable," "estimate," "expects," "future," "goal," "growth," "intended," "likely," "may," "model," "objective," "plan," "position," "program," "range," "result," "strategy," "strive," "strong," "target," "trend," "will" and "would," and similar words or phrases. Moreover, statements in the sections entitled Risk Factors, Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"), and elsewhere in this report regarding our expectations, projections, beliefs, intentions or strategies are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include: The extent to which our sources of liquidity are sufficient to meet our requirements may be affected by the state of the financial markets and the effect that such condition has on our ability to issue commercial paper at acceptable rates. Our ability to borrow under our committed lines of credit, including our bank credit facilities, could be impaired if one or more of our lenders under those lines is unwilling or unable to honor its contractual

View Full Filing

View this 10-K filing on SEC EDGAR