UNITED STATES
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report: March 13, 2007 
(Date of earliest event reported) 
   
  
THE KROGER CO.
(Exact name of registrant as specified in its charter) 
  

An Ohio Corporation  No. 1-303  31-0345740 
(State or other jurisdiction of incorporation)  (Commission File Number)  (IRS Employer Number) 
 
  1014 Vine Street Cincinnati, OH 45201   
  (Address of principal executive offices)   
 
   Registrant’s telephone number: (513) 762-4000    

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 
 
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 
     


Section 2—Financial Information 
 
Item 2.02    Results of Operations and Financial Condition. 
 
  On March 13, 2007, the Company released its earnings for fourth quarter and fiscal year 2006. Attached hereto as Exhibit 99.1, and filed herewith, is the text of that release. 
    
Section7Regulation FD 
 
Item 7.01  Regulation FD Disclosure. 
 
  2007 Guidance: 
      
  Net earnings per diluted share -  $1.60-$1.65
 
  Operating margin -  Slightly improving
 
  Identical supermarket sales growth (excluding fuel sales) -    3-5%
 
  Capital expenditures - $1.9 - $2.1 billion, excluding acquisitions
 
  Supermarket square footage growth - 2.0% before acquisitions and operational closings, with an emphasis on large, fast-growing markets
   
  Expected tax rate - 38% excluding any effect from the implementation of FASB Interpretation
No. 48, Accounting for Uncertainty in Income Taxes
      
  Company-sponsored retirement plan contributions -  $125 million, a reduction of $50 million from fiscal 2006
 
  Labor: 
 
  We have negotiations this year covering store associates in Southern California, Cincinnati, Detroit, Houston, Memphis, Toledo, Seattle and West Virginia. Negotiations this year will be challenging as we must have competitive cost structures in each market while meeting our associates’ needs for good wages and affordable health care.

Our ability to achieve sales and earnings per share goals may be affected by: labor disputes, particularly as the Company seeks to manage health care and pension costs; industry consolidation; pricing and promotional activities of existing and new competitors, including non-traditional competitors; our response to these actions; the state of the economy, including interest rates and the inflationary and deflationary trends in certain commodities; weather conditions; stock repurchases; the success of our future growth plans; goodwill impairment; and our ability to generate sales at desirable margins, as well as the success of our programs designed to increase our identical sales without fuel. Operating margins could fail to improve if our operations do not continue to improve as expected or if we are unsuccessful in containing our operating costs. In addition any delays in opening new stores, or changes in the economic climate could cause us to fall short of our sales and earnings targets. Our capital expenditures could vary from our expectations if we are unsuccessful in acquiring suitable sites for new stores; development costs exceed those budgeted; or our logistics and technology or store projects are not completed on budget or in the time frame expected. Our ability to increase identical supermarket sales could be adversely affected by increased competition and sales shifts to other stores that we operate, as well as increases in sales of our corporate brand products. Square footage growth during the year is dependent upon our ability to acquire desirable sites for construction of new facilities, as well as the timing of completion of projects. Any change in tax laws, the regulations related thereto, the applicable accounting rules or standards, or the interpretation thereof by federal, state or local authorities could affect our expected tax rate. The amount of our contribution to Company-sponsored retirement plans will depend primarily on the success of our strategic plan and the extent to which we are able to generate free cash flow.

Section 9—Financial Statements and Exhibits
  
 
Item 9.01      Financial Statements and Exhibits. 
 
  (d)    Exhibits:
 
  99.1 Earnings release for fourth quarter and fiscal year 2006, filed herewith.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  THE KROGER CO. 
 
March 13, 2007  By:  /s/ Paul Heldman 
   
    Paul Heldman 
    Executive Vice President, 
    Secretary and General Counsel 



EXHIBIT INDEX
Exhibit No.        Exhibit 
     
99.1  Earnings release for fourth quarter and fiscal year 2006, filed herewith.