The Kroger Co. (NYSE:KR) Q3 2023 Earnings Conference Call November 30, 2023 10:00 AM ET Company Participants Robert Quast - Senior Director, Investor Relations Rodney McMullen - Chairman and Chief Executive Officer Gary Millerchip - Chief Financial Officer Conference Call Participants Dean Rosenblum - Bernstein Michael Kessler - Morgan Stanley Michael Montani - Evercore ISI John Heinbockel - Guggenheim Partners Krisztina Katai - Deutsche Bank Ed Kelly - Wells Fargo Chuck Cerankosky - Northcoast Research Rup ...

Kroger Q3 2023 Earnings Release Safe Harbor This presentation includes certain statements that constitute “forward-looking statements” about Kroger’s financial position and expected performance. These statements are based on management’s assumptions and beliefs in light of currently available information. Such statements are indicated by words or phrases such as “commitment,” “delivering,” “future,” “guidance,” “model,” “on track,” “opportunities,” “strategy,” “synergy,” “target,” “thesis,” “will,” and othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 12, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-303 The Kroger Co. (Exact name of registrant as specified in its charter) Ohio 31-0345740 (State or other jurisdiction of (I.R.S. Employer i ...

The Kroger Co. (NYSE:KR) Q2 2023 Earnings Conference Call September 8, 2023 10:00 AM ET Company Participants Rob Quast - Senior Director, Investor Relations Rodney McMullen - Chairman and Chief Executive Officer Gary Millerchip - Senior Vice President and Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Krisztina Katai - Deutsche Bank Michael Lasser - UBS John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Kenneth Goldman - JPMorgan Edward Kelly - Wells Fa ...

Financial Performance - Net earnings attributable to The Kroger Co. per diluted common share reached $1.32, a 46.7% increase compared to the first quarter of 2022[68] - Adjusted net earnings attributable to The Kroger Co. per diluted common share was $1.51, reflecting a 4.1% increase compared to the first quarter of 2022[68] - Operating profit was $1.5 billion, consistent with the first quarter of 2022[68] - Adjusted FIFO operating profit was $1.7 billion, a 4.2% increase compared to the first quarter of 2022[68] - The adjusted net earnings for Q1 2023 were $1.104 billion, a 2.8% increase from $1.074 billion in Q1 2022[82] - Net earnings per diluted share increased by 47% to $1.32 in Q1 2023 from $0.90 in Q1 2022, while adjusted net earnings per diluted share rose 4% to $1.51[103] Sales and Revenue - Identical sales, excluding fuel, increased by 3.5%, with total sales growth in Our Brands categories of 4.9%[69] - Total sales for Q1 2023 were $45.165 billion, a 1.3% increase compared to $44.600 billion in Q1 2022[84] - Sales to retail customers without fuel increased by 3.4% to $39.748 billion in Q1 2023, compared to $38.449 billion in Q1 2022[84] - Identical sales excluding fuel rose by 3.5% to $39.574 billion in Q1 2023, compared to $38.235 billion in Q1 2022[88] - Digital sales grew by 15%, driven by a 30% increase in Delivery solutions and an 11% increase in Pickup solutions[70] - Digital sales increased approximately 15% in Q1 2023, driven by a 30% growth in Delivery solutions[85] Cash Flow and Investments - Generated cash from operations of $2.9 billion, representing a 160% increase compared to the first quarter of 2022[68] - Net cash provided by operating activities was $2.86 billion in Q1 2023, significantly up from $1.1 billion in Q1 2022[106] - Capital investments totaled $1.1 billion in Q1 2023, compared to $971 million in Q1 2022, with 11 supermarkets opened or expanded[110] - Cash used in investing activities increased to $947 million in Q1 2023 from $723 million in Q1 2022, primarily due to higher payments for property and equipment[108] - Cash and temporary cash investments increased by $1.6 billion to $2.6 billion as of May 20, 2023[68] - As of May 20, 2023, the company held $2.6 billion in cash and temporary cash investments, reflecting strong operating performance[116] Shareholder Returns - Dividends paid totaled $188 million, a 22.1% increase compared to the previous year[66] - The company expects total shareholder return within the target range of 8% to 11% over time, excluding the impact of the proposed merger with Albertsons[63] - In Q1 2023, the company repurchased 602,000 shares at an average price of $47.68, totaling $29 million[115] - The company has a $1.0 billion share repurchase program approved in September 2022, but no shares have been repurchased under this authorization[115] Costs and Expenses - The LIFO charge for Q1 2023 was $99 million, up from $93 million in Q1 2022, reflecting expected annualized product cost inflation for 2023[91] - The gross margin rate for Q1 2023 was 22.33%, up from 21.63% in Q1 2022, attributed to decreased fuel sales and effective management of product cost inflation[90] - OG&A expenses as a percentage of sales increased to 16.37% in Q1 2023 from 15.69% in Q1 2022, primarily due to decreased fuel sales and planned investments[94] - Operating profit was $1.5 billion, or 3.3% of sales, in Q1 2023, compared to $1.5 billion, or 3.4% of sales, in Q1 2022, reflecting a 12 basis point decrease[97] - FIFO operating profit was $1.6 billion, or 3.5% of sales, in Q1 2023, down from $1.6 billion, or 3.6% of sales, in Q1 2022, with a 10 basis point increase excluding adjusted items[98] Debt and Liquidity - Total debt increased by $55 million to $13.4 billion as of May 20, 2023, primarily due to a net increase in obligations under finance leases[114] - The effective income tax rate rose to 22.9% in Q1 2023 from 18.0% in Q1 2022, mainly due to a decrease in deductions from share-based payments[102] - The company expects to meet its liquidity needs through cash on hand, operating cash flows, and borrowings, including a commercial paper program[117] - The proposed merger with Albertsons is expected to be funded through cash and temporary cash investments, along with other financing sources[118] - The company maintains a working capital deficit due to efficient cash use and consistent access to capital markets[117] Legal and Regulatory - Legal settlement costs recognized in Q1 2023 amounted to $62 million related to opioid litigation, payable over 10 years[73] Market and Risk - There have been no material changes in critical accounting estimates since the last annual report[120] - The company has not experienced any material changes in market risk exposure since the last annual report[121]

The Kroger Co. (NYSE:KR) Q1 2023 Earnings Conference Call June 15, 2023 10:00 AM ET Company Participants Rob Quast - Senior Director, Investor Relations Rodney McMullen - Chairman and Chief Executive Officer Gary Millerchip - Senior Vice President and Chief Financial Officer Conference Call Participants Chuck Cerankosky - Northcoast Research Simeon Gutman - Morgan Stanley Michael Lasser - UBS Robert Ohmes - Bank of America Edward Kelly - Wells Fargo Securities John Heinbockel - Guggenheim Partners Kenneth G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 28, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-303 THE KROGER CO. (Exact name of registrant as specified in its charter) Ohio 31-0345740 (State or Other Jurisdiction of Incorporation ...

The Kroger Co. (NYSE:KR) Bank of America 2023 Consumer & Retail Conference Call March 15, 2023 1:00 PM ET Company Participants Rodney McMullen - Chairman and Chief Executive Officer Rob Quast - Investor Relations Conference Call Participants Robby Ohmes - Bank of America Securities Kendall Toscano - Bank of America Securities Robby Ohmes I am Robby Ohmes from BofA Securities. Kendall Toscano and I are just very pleased to have Rodney McMullen, Chairman and CEO of Kroger here with us today. Rob Quast is here ...

Kroger Co (NYSE:KR) Q4 2022 Earnings Conference Call March 2, 2023 10:00 AM ET Company Participants Robinson Quast - Director, IR William McMullen - Chairman & CEO Gary Millerchip - SVP & CFO Conference Call Participants John Heinbockel - Guggenheim Securities Edward Kelly - Wells Fargo Securities Simeon Gutman - Morgan Stanley Michael Lasser - UBS Kenneth Goldman - JPMorgan Chase & Co. Leah Jordan - Goldman Sachs Group Kelly Bania - BMO Capital Markets Rupesh Parikh - Oppenheimer Spencer Hanus - Wolfe Rese ...