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QUARTERLY DATA (UNAUDITED) | 12 Months Ended
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Jan. 30, 2021
QUARTERLY DATA (UNAUDITED) |
QUARTERLY DATA (UNAUDITED) | 20. QUARTERLY DATA (UNAUDITED) ​ The two tables that follow reflect the unaudited results of operations for 2020 and 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter | ​ | ​ | ​ |
​ |  | First |  | Second |  | Third |  | Fourth |  | Total Year |
2020 | ​ | (16 Weeks) | ​ | ​ | (12 Weeks) | ​ | ​ | (12 Weeks) | ​ | ​ | (12 Weeks) | ​ | ​ | (52 Weeks) |
Sales | ​ | $ | 41,549 | ​ | $ | 30,489 | ​ | $ | 29,723 | ​ | $ | 30,737 | ​ | $ | 132,498 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Merchandise costs, including advertising, warehousing, and transportation, excluding items shown separately below | ​ |  | 31,454 | ​ |  | 23,551 | ​ |  | 22,901 | ​ |  | 23,691 | ​ |  | 101,597 | ​
Operating, general and administrative | ​ |  | 7,671 | ​ |  | 5,297 | ​ |  | 5,194 | ​ |  | 6,338 | ​ |  | 24,500 | ​
Rent | ​ |  | 273 | ​ |  | 204 | ​ |  | 205 | ​ |  | 192 | ​ |  | 874 | ​
Depreciation and amortization | ​ |  | 825 | ​ |  | 617 | ​ |  | 631 | ​ |  | 674 | ​ |  | 2,747 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating profit (loss) | ​ |  | 1,326 | ​ |  | 820 | ​ |  | 792 | ​ |  | (158) | ​ |  | 2,780 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other income (expense) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ |  | (174) | ​ |  | (135) | ​ |  | (129) | ​ |  | (106) | ​ |  | (544) | ​
Non-service component of company sponsored pension plan costs | ​ | ​ | 11 | ​ | ​ | 8 | ​ | ​ | 9 | ​ | ​ | 1 | ​ | ​ | 29 | ​
Gain on investments | ​ | ​ | 422 | ​ | ​ | 368 | ​ | ​ | 162 | ​ | ​ | 153 | ​ | ​ | 1,105 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings (loss) before income tax expense | ​ |  | 1,585 | ​ |  | 1,061 | ​ |  | 834 | ​ |  | (110) | ​ |  | 3,370 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax expense (benefit) | ​ |  | 373 | ​ |  | 241 | ​ |  | 202 | ​ |  | (34) | ​ |  | 782 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings (loss) including noncontrolling interests | ​ |  | 1,212 | ​ |  | 820 | ​ |  | 632 | ​ |  | (76) | ​ |  | 2,588 | ​
Net income attributable to noncontrolling interests | ​ |  | — | ​ |  | 1 | ​ |  | 1 | ​ |  | 1 | ​ |  | 3 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings (loss) attributable to The Kroger Co. | ​ | $ | 1,212 | ​ | $ | 819 | ​ | $ | 631 | ​ | $ | (77) | ​ | $ | 2,585 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings (loss) attributable to The Kroger Co. per basic common share | ​ | $ | 1.53 | ​ | $ | 1.04 | ​ | $ | 0.81 | ​ | $ | (0.10) | ​ | $ | 3.31 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of shares used in basic calculation | ​ |  | 780 | ​ |  | 777 | ​ |  | 772 | ​ |  | 761 | ​ |  | 773 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings (loss) attributable to The Kroger Co. per diluted common share | ​ | $ | 1.52 | ​ | $ | 1.03 | ​ | $ | 0.80 | ​ | $ | (0.10) | ​ | $ | 3.27 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of shares used in diluted calculation | ​ |  | 788 | ​ |  | 786 | ​ |  | 780 | ​ |  | 761 | ​ |  | 781 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends declared per common share | ​ | $ | 0.16 | ​ | $ | 0.18 | ​ | $ | 0.18 | ​ | $ | 0.18 | ​ | $ | 0.70 | ​
​ Annual amounts may not sum due to rounding. ​ Net earnings for the first quarter of 2020 include charges to OG&A of $60, $44 net of tax, for the revaluation of Home Chef contingent consideration and $38, $28 net of tax, for transformation costs and gains in other income (expense) of $422, $312 net of tax, for the gain on investments. ​ Net earnings for the second quarter of 2020 include charges to OG&A of $25, $19 net of tax, for the revaluation of Home Chef contingent consideration and $29, $21 net of tax, for transformation costs and a gain in other income (expense) of $368, $278 net of tax, for the gain on investments. ​ Net earnings for the third quarter of 2020 include charges to OG&A of $24, $17 net of tax, for the revaluation of Home Chef contingent consideration and $33, $24 net of tax, for transformation costs and a gain in other income (expense) of $162, $115 net of tax, for the gain on investments. ​ Net earnings for the fourth quarter of 2020 include charges to OG&A of $989, $754 net of tax, for commitments to certain multi-employer pension funds, $80, $61 net of tax, for the revaluation of Home Chef contingent consideration and $11, $8 net of tax, for transformation costs and a gain in other income (expense) of $153, $116 net of tax, for the gain on investments. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter | ​ | ​ | ​ |
​ |  | First |  | Second |  | Third |  | Fourth |  | Total Year |
2019 | ​ | (16 Weeks) | ​ | (12 Weeks) | ​ | (12 Weeks) | ​ | (12 Weeks) | ​ | (52 Weeks) |
Sales | ​ | $ | 37,251 | ​ | $ | 28,168 | ​ | $ | 27,974 | ​ | $ | 28,893 | ​ | $ | 122,286 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Merchandise costs, including advertising, warehousing, and transportation, excluding items shown separately below | ​ |  | 28,983 | ​ |  | 22,007 | ​ |  | 21,798 | ​ |  | 22,507 | ​ |  | 95,294 | ​
Operating, general and administrative | ​ |  | 6,314 | ​ |  | 4,811 | ​ |  | 5,097 | ​ |  | 4,985 | ​ |  | 21,208 | ​
Rent | ​ |  | 274 | ​ |  | 200 | ​ |  | 201 | ​ |  | 209 | ​ |  | 884 | ​
Depreciation and amortization | ​ |  | 779 | ​ |  | 591 | ​ |  | 624 | ​ |  | 655 | ​ |  | 2,649 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating profit | ​ |  | 901 | ​ |  | 559 | ​ |  | 254 | ​ |  | 537 | ​ |  | 2,251 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other income (expense) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ |  | (197) | ​ |  | (130) | ​ |  | (137) | ​ |  | (140) | ​ |  | (603) | ​
Non-service component of company sponsored pension plan costs | ​ | ​ | 3 | ​ | ​ | (4) | ​ | ​ | (1) | ​ | ​ | 2 | ​ | ​ | — | ​
Gain (loss) on investments | ​ | ​ | 106 | ​ | ​ | (45) | ​ | ​ | 106 | ​ | ​ | (9) | ​ | ​ | 157 | ​
Gain on sale of business | ​ | ​ | 176 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 176 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings before income tax expense | ​ |  | 989 | ​ |  | 380 | ​ |  | 222 | ​ |  | 390 | ​ |  | 1,981 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax expense | ​ |  | 226 | ​ |  | 93 | ​ |  | 79 | ​ |  | 71 | ​ |  | 469 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings including noncontrolling interests | ​ |  | 763 | ​ |  | 287 | ​ |  | 143 | ​ |  | 319 | ​ |  | 1,512 | ​
Net loss attributable to noncontrolling interests | ​ |  | (9) | ​ |  | (10) | ​ |  | (120) | ​ |  | (8) | ​ |  | (147) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings attributable to The Kroger Co. | ​ | $ | 772 | ​ | $ | 297 | ​ | $ | 263 | ​ | $ | 327 | ​ | $ | 1,659 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings attributable to The Kroger Co. per basic common share | ​ | $ | 0.96 | ​ | $ | 0.37 | ​ | $ | 0.32 | ​ | $ | 0.40 | ​ | $ | 2.05 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of shares used in basic calculation | ​ |  | 798 | ​ |  | 800 | ​ |  | 802 | ​ |  | 797 | ​ |  | 799 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings attributable to The Kroger Co. per diluted common share | ​ | $ | 0.95 | ​ | $ | 0.37 | ​ | $ | 0.32 | ​ | $ | 0.40 | ​ | $ | 2.04 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of shares used in diluted calculation | ​ |  | 805 | ​ |  | 805 | ​ |  | 807 | ​ |  | 804 | ​ |  | 805 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends declared per common share | ​ | $ | 0.14 | ​ | $ | 0.16 | ​ | $ | 0.16 | ​ | $ | 0.16 | ​ | $ | 0.62 | ​
​ Annual amounts may not sum due to rounding. ​ Net earnings for the first quarter of 2019 include charges to OG&A expenses of $59, $44 net of tax, for obligations related to withdrawal liabilities for certain local unions of the Central States multi-employer pension fund and a reduction to OG&A of $24, $18 net of tax, for the revaluation of Home Chef contingent consideration and gains in other income of $106, $80 net of tax, related to the sale of Turkey Hill Dairy, $70, $52 net of tax, related to the sale of You Technology and $106, $80 net of tax, for the mark to market gain on Ocado. ​ Net earnings for the second quarter of 2019 include charges to OG&A of $27, $22 net of tax, for obligations related to withdrawal liabilities for a certain multi-employer pension fund and $2, $2 net of tax, for the revaluation of Home Chef contingent consideration, and a charge in other income (expense) of $45, $36 net of tax, for the mark to market loss on Ocado securities. ​ Net earnings for the third quarter of 2019 include a charge to OG&A of $45, $35 net of tax, for obligations related to withdrawal liabilities for a certain multi-employer pension fund, $80, $61 net of tax, for a severance charge and related benefits, $238 including $131 attributable to the Kroger Co., $100 net of tax, for impairment of Lucky’s Market and $4, $3 net of tax, for the revaluation of Home Chef contingent consideration and gain in other income of $106, $81 net of tax, for the mark to market gain on Ocado securities. ​ Net earnings for the fourth quarter of 2019 include charges to OG&A of $4, $3 net of tax, for obligations related to withdrawal liabilities for certain multi-employer pension funds, $174, $125 net of tax, for deconsolidation and impairment of Lucky’s Market, $52, $37 net of tax, for transformation costs, primarily including 35 planned store closures and a reduction to OG&A of $51, $36 net of tax, for the revaluation of Home Chef contingent consideration and a loss in other income (expense) of $9, $6 net of tax, for the mark to market loss on Ocado securities.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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