KROGER CO | 2013 | FY | 3

19.       QUARTERLY DATA (UNAUDITED)

 

The two tables that follow reflect the unaudited results of operations for 2013 and 2012.

 

 

 

Quarter

 

 

 

2013

 

First
(16 Weeks)

 

Second
(12 Weeks)

 

Third
(12 Weeks)

 

Fourth
(12 Weeks)

 

Total Year
(52 Weeks)

 

Sales

 

$

29,997

 

$

22,686

 

$

22,470

 

$

23,222

 

$

98,375

 

Merchandise costs, including advertising, warehousing, and transportation, excluding items shown separately below

 

23,817

 

18,059

 

17,866

 

18,397

 

78,138

 

Operating, general, and administrative

 

4,593

 

3,506

 

3,537

 

3,558

 

15,196

 

Rent

 

189

 

139

 

138

 

147

 

613

 

Depreciation and amortization

 

519

 

387

 

395

 

402

 

1,703

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit

 

879

 

595

 

534

 

718

 

2,725

 

Interest expense

 

129

 

99

 

108

 

107

 

443

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income tax expense

 

750

 

496

 

426

 

611

 

2,282

 

Income tax expense

 

266

 

176

 

125

 

184

 

751

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings including noncontrolling interests

 

484

 

320

 

301

 

427

 

1,531

 

Net earnings attributable to noncontrolling interests

 

3

 

3

 

2

 

5

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co.

 

$

481

 

$

317

 

$

299

 

$

422

 

$

1,519

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per basic common share

 

$

0.93

 

$

0.61

 

$

0.58

 

$

0.82

 

$

2.93

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of shares used in basic calculation

 

514

 

515

 

515

 

511

 

514

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per diluted common share

 

$

0.92

 

$

0.60

 

$

0.57

 

$

0.81

 

$

2.90

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of shares used in diluted calculation

 

520

 

521

 

521

 

517

 

520

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared per common share

 

$

0.150

 

$

0.150

 

$

0.165

 

$

0.165

 

$

0.630

 

 

Annual amounts may not sum due to rounding.

 

Certain revenue transactions previously reported in sales and merchandise costs in the Consolidated Statements of Operations are now reported net within sales.  Also, certain expense transactions previously reported in operating, general, and administrative in the Consolidated Statements of Operations are now reported within merchandise costs.  Prior quarter amounts have been revised or reclassified to conform to the current year presentation.  These amounts were not material to the prior periods.

 

 

 

Quarter

 

 

 

2012

 

First
(16 Weeks)

 

Second
(12 Weeks)

 

Third
(12 Weeks)

 

Fourth
(13 Weeks)

 

Total Year
(53 Weeks)

 

Sales

 

$

29,026

 

$

21,697

 

$

21,776

 

$

24,120

 

$

96,619

 

Merchandise costs, including advertising, warehousing, and transportation, excluding items shown separately below

 

23,056

 

17,249

 

17,352

 

19,069

 

76,726

 

Operating, general, and administrative

 

4,464

 

3,391

 

3,305

 

3,689

 

14,849

 

Rent

 

191

 

139

 

141

 

157

 

628

 

Depreciation and amortization

 

501

 

383

 

382

 

386

 

1,652

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit

 

814

 

535

 

596

 

819

 

2,764

 

Interest expense

 

141

 

106

 

103

 

112

 

462

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income tax expense

 

673

 

429

 

493

 

707

 

2,302

 

Income tax expense

 

232

 

148

 

175

 

239

 

794

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings including noncontrolling interests

 

441

 

281

 

318

 

468

 

1,508

 

Net earnings attributable to noncontrolling interests

 

2

 

2

 

1

 

6

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co.

 

$

439

 

$

279

 

$

317

 

$

462

 

$

1,497

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per basic common share

 

$

0.78

 

$

0.52

 

$

0.61

 

$

0.89

 

$

2.78

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of shares used in basic calculation

 

556

 

538

 

518

 

514

 

533

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per diluted common share

 

$

0.78

 

$

0.51

 

$

0.60

 

$

0.88

 

$

2.77

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of shares used in diluted calculation

 

559

 

541

 

522

 

518

 

537

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared per common share

 

$

0.115

 

$

0.115

 

$

0.150

 

$

0.150

 

$

0.530

 

 

Annual amounts may not sum due to rounding.

 

Certain revenue transactions previously reported in sales and merchandise costs in the Consolidated Statements of Operations are now reported net within sales.  Prior quarter amounts have been revised or reclassified to conform to the current year presentation.  These amounts were not material to the prior periods.

us-gaap:QuarterlyFinancialInformationTextBlock