The Kroger (KR) Revenue — Quarter Ended Aug 12, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a reversal from the growth trend seen in earlier periods.
Key takeaway
Quarter ended Aug 12, 2023 · FY2023 Q2
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a reversal from the growth trend seen in earlier periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$33.9B
Revenue reported for this quarter.
Quarter-over-quarter
-2.8%
Change from the immediately preceding quarter.
Year-over-year
-2.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$137.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 13, 2022 | $34.6B | +9.3% |
| Nov 5, 2022 | $34.2B | +7.3% |
| Jan 28, 2023 | $34.8B | +5.4% |
| Aug 12, 2023 | $33.9B | -2.3% |
Revenue performance
The reported revenue moved lower, marking a contraction from the immediately preceding quarter.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also decreased, continuing the downward shift from the prior year's level.
What to watch
The filing context discusses risks related to liquidity, the proposed opioid settlement, and the pending Albertsons transaction, which may affect future performance.