Kroger (KR) FY2023 results: revenue $150.0 billion, up 1.2% on the year
Kroger Co. (KR) reported revenue of $150.0 billion for fiscal 2023, the year ended 3 February 2024, up 1.2% on the year before. Net income was $2.2 billion, down 3.6%, and diluted earnings per share $2.96. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2024.
Revenue
$150.0 billion
+1.2% on the year
FY2016FY2023
Operating margin
2.1%
2.8% a year earlier
FY2016FY2023
Net income
$2.2 billion
-3.6% on the year
FY2016FY2023
Diluted EPS
$2.96
-3.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
6,788
4,498
6,190
+50.9%
Capital expenditure
3,904
3,078
2,614
+26.8%
Free cash flow
2,884
1,420
3,576
+103.1%
Free cash flow margin
1.9%
1.0%
2.6%
Cash from investing
-3,750
-3,015
-2,611
Cash from financing
-2,170
-2,289
-3,445
Depreciation and amortisation
3,125
2,965
2,824
+5.4%
Share-based compensation
172
190
203
-9.5%
Buybacks
62.0
993
1,647
-93.8%
Dividends paid
796
682
589
+16.7%
Dividend per share
$1.13
$0.99
$0.81
+14.1%
Diluted shares, weighted
725m
727m
754m
-0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
11,615
10,042
9,452
+15.7%
Non-controlling interest
-14.0
-28.0
-23.0
Debt
10,187
11,292
11,745
-9.8%
Operating lease liabilities
6,351
6,372
6,426
-0.3%
Finance lease liabilities
1,866
1,929
1,515
-3.3%
Other liabilities
20,500
20,016
19,971
+2.4%
Total liabilities and equity
50,505
49,623
49,086
+1.8%
Goodwill
2,916
2,916
3,076
0.0%
Intangible assets
899
899
942
0.0%
Cash and equivalents
1,883
1,015
1,821
+85.5%
Receivables
2,136
2,234
1,828
-4.4%
Other assets
42,671
42,559
41,419
+0.3%
Total assets
50,505
49,623
49,086
+1.8%
10-K for the year ended 3 February 2024, filed 2 April 2024: the filing.