What it is
The Kroger Co., filed with the Securities and Exchange Commission as an exhibit to a Form 8-K on 5 March 2026.
The fourth-quarter and full-year release for the fiscal year ended 31 January 2026. Total sales were 147.6 billion dollars against 147.1 billion the year before; identical sales excluding fuel grew 2.9%. Reported operating profit was 1.9 billion dollars, including the 2.5 billion dollar impairment on the automated fulfillment network; adjusted FIFO operating profit was 4.9 billion. E-commerce sales passed 16 billion dollars.
The reported operating margin of about 1.3% and net margin of about 0.7% are depressed by the one-time charge. The 2.5 billion dollar full-year figure and the roughly 2.6 billion dollar third-quarter charge in the November 8-K describe the same event on different bases; they are not additive.
What the commerce leader should take from it
- E-commerce is more than a tenth of the largest US supermarket operator’s sales. The online order is no longer a side channel.
- The impairment is the cost of a fulfillment bet the company has partly unwound. The resource on the November 8-K has the decision itself.
- Adjusted operating profit of 4.9 billion on 147.6 billion of sales is a margin of about 3.3%. Every fee and every failed order is measured against that.
Where to start
Use with chapter 3. The fee the shopper sees and the cost the CFO cannot see in finding 3.2 sit inside a margin this thin; the write-down is what it looks like when the cost of fulfillment is discovered late.
Keep in mind
A company-wide result. The filing gives no margin for e-commerce and no cost per order.
Where the report uses it
Read during the report design; not cited in a finding or a perspective yet.