As a result of a portfolio review, Kroger has decided to divest its interest in Lucky’s Market and recognized a non-cash impairment charge of $238 million in the third quarter, and the portion of this charge attributable to Kroger is $131 million.
The income tax rate for the third quarter was 35.6%. The income tax rate is higher than the adjusted income tax rate because a portion of the non-cash impairment charge related to Lucky’s Market is not attributable to Kroger (Table 9).
To read the rest of the story, please go to: Kroger
