Kroger said identical sales without fuel rose 3.2% in Q1 2025 and that it updated its full-year identical sales without fuel outlook to 2.25% to 3.25%.

1. 01

   Kroger said identical sales without fuel rose 3.2% in Q1 2025 and that it updated its full-year identical sales without fuel outlook to 2.25% to 3.25%.

2. 02

   The company said operating profit for Q1 was $1,322 million, compared with $1,294 million a year earlier, and adjusted FIFO operating profit was $1,518 million, compared with $1,499 million. It said earnings per share were flat at $1.29, and adjusted earnings per share were $1.49.

3. 03

   Kroger said total sales for Q1 were $45.1 billion, compared with $45.3 billion a year earlier, which included $917 million in Kroger Specialty Pharmacy sales. It also said it recognized an impairment charge of $100 million related to its plan to close about 60 stores over the next 18 months.

4. 04

   Kroger said it expects to complete a $5 billion accelerated share repurchase (ASR) by no later than its fiscal 2025 third quarter, Q3, and then resume open market repurchases under the remaining $2.5 billion authorization. The company said its net total debt to adjusted EBITDA ratio was 1.69, compared with 1 a year ago, at 1.25.

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Original filing

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