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MERGER
9 Months Ended
Nov. 07, 2015
MERGER  
MERGER

 

2.MERGER

 

On August 18, 2014, the Company closed its merger with Vitacost.com, Inc. (“Vitacost.com”).  The Company’s purchase price allocation was finalized in the second quarter of 2015 and the changes in the fair values assumed from the preliminary amounts were not material.

 

Pro forma results of operations, assuming the transaction had taken place at the beginning of 2013, are included in the following table.  The pro forma information includes historical results of operations of Vitacost.com and adjustments for interest expense that would have been incurred due to financing the merger, depreciation and amortization of the assets acquired and excludes the pre-merger transaction related expenses incurred by Vitacost.com and the Company.  The pro forma information does not include efficiencies, cost reductions or synergies expected to result from the merger.  The unaudited pro forma financial information is not necessarily indicative of the results that actually would have occurred had the merger been completed at the beginning of the 2013.

 

 

 

Third Quarter Ended
November 8, 2014

 

Three Quarters Ended
November 8, 2014

 

Sales

 

$

24,987 

 

$

83,480 

 

Net earnings including noncontrolling interests

 

365 

 

1,212 

 

Net earnings attributable to noncontrolling interests

 

 

14 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co.

 

$

362 

 

$

1,198