Short answer
Kroger (KR) filed its fiscal 2025 10-K annual report with the SEC on Apr 1, 2025. It reported revenue of $147.1B (−1.9% year over year) and net income of $2.7B.
- Top risk flagged: Leverage ratio 1.54x as of Feb 1, 2025; default risk if ratio exceeds 3.50x under $2.75B credit facility
FY2025 key financial metrics · XBRL
- Revenue
- $147.1B
- −1.9% YoY
- Net income
- $2.7B
- +23.2% YoY
- Operating margin
- 2.6%
- +0.6 pp YoY
- EPS (diluted)
- $3.67
- +24.0% YoY
- ROE
- 32.2%
- +13.5 pp YoY
- Operating cash flow
- $5.8B
- −14.6% YoY
Source: XBRL data from the Kroger (KR) FY2025 10-K on SEC EDGAR. USD.
Kroger FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model unchanged: supermarket retailer operating multi-department stores
- No new products, services, or segments introduced or emphasized in fiscal 2025 filing
- Strategic focus reflected in financial agreements: new Credit Agreement dated September 13, 2024, with subsequent amendments
- Equity compensation plans with 13.9 million securities issuable at weighted average exercise price $36.25, including 2.34 million performance unit awards
- Noteworthy legal updates: amended and restated employment agreement with CEO David Kennerley dated March 28, 2025
Management Discussion & Analysis
- Revenue $147.1B, down 1.9% YoY; sales without fuel and Extra Week $132.2B, up 0.9% YoY
- Operating profit $3.85B, up 24.3% YoY; adjusted FIFO operating profit $4.67B, down 2.6% YoY
- Retail segment (98% sales) best performer; alternative profit businesses contributed $1.35B operating profit, up 17% YoY
- Cash from operations $5.8B, down 15% YoY; dividends $883M (+10.9%), share repurchases $4.2B after resuming buybacks post-merger termination
- Management expects digital sales to grow double-digit over time; total shareholder return target 8%-11%; merger with Albertsons terminated, $5B ASR repurchase planned
Risk Factors
- Leverage ratio 1.54x as of Feb 1, 2025; default risk if ratio exceeds 3.50x under $2.75B credit facility
- $478M surety bonds for self-insured workers’ compensation expiring FY2025, market changes may increase costs or limit availability
- $261M standby letters of credit expiring FY2025-2026, including pledge supporting fulfillment center construction commitments
- Contingent lease liabilities from assigned facility leases if assignees default, though material risk considered remote
- $2.0B securities authorized under SEC shelf registration effective May 20, 2022, providing capital market access until exhausted
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.