KR » Topics » Revenue Recognition

These excerpts taken from the KR 10-K filed Mar 31, 2009.

Revenue Recognition

 

Revenues from the sale of products are recognized at the point of sale of the Company’s products.  Discounts provided to customers by the Company at the time of sale, including those provided in connection with loyalty cards, are recognized as a reduction in sales as the products are sold.  Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons.  Pharmacy sales are recorded when provided to the customer.  Sales taxes are not recorded as a component of sales.  The Company does not recognize a sale when it sells gift cards and gift certificates.  Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company’s products.

 

Revenue Recognition



 



Revenues from the sale of products are
recognized at the point of sale of the Company’s products.  Discounts
provided to customers by the Company at the time of sale, including those
provided in connection with loyalty cards, are recognized as a reduction in
sales as the products are sold.  Discounts provided by vendors, usually in
the form of paper coupons, are not recognized as a reduction in sales provided
the coupons are redeemable at any retailer that accepts coupons.  Pharmacy
sales are recorded when provided to the customer.  Sales taxes are not
recorded as a component of sales.  The Company does not recognize a sale
when it sells gift cards and gift certificates.  Rather, a sale is
recognized when the gift card or gift certificate is redeemed to purchase the
Company’s products.



 



This excerpt taken from the KR DEF 14A filed May 15, 2008.

Revenue Recognition

        Revenues from the sale of products are recognized at the point of sale of the Company's products. Discounts provided to customers by the Company at the time of sale, including those provided in connection with loyalty cards, are recognized as a reduction in sales as the products are sold. Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons. Pharmacy sales are recorded when provided to the customer. Sales taxes are not recorded as a component of sales. The Company does not recognize a sale when it sells gift cards and gift certificates. Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company's products.

These excerpts taken from the KR 10-K filed Apr 1, 2008.

Revenue Recognition

 

Revenues from the sale of products are recognized at the point of sale of the Company’s products.  Discounts provided to customers by the Company at the time of sale, including those provided in connection with loyalty cards, are recognized as a reduction in sales as the products are sold.  Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons.  Pharmacy sales are recorded when provided to the customer.  Sales taxes are not recorded as a component of sales.  The Company does not recognize a sale when it sells gift cards and gift certificates.  Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company’s products.

 

39



 

Revenue Recognition



 



Revenues from the sale of products are
recognized at the point of sale of the Company’s products.  Discounts
provided to customers by the Company at the time of sale, including those
provided in connection with loyalty cards, are recognized as a reduction in
sales as the products are sold.  Discounts provided by vendors, usually in
the form of paper coupons, are not recognized as a reduction in sales provided
the coupons are redeemable at any retailer that accepts coupons.  Pharmacy
sales are recorded when provided to the customer.  Sales taxes are not
recorded as a component of sales.  The Company does not recognize a sale
when it sells gift cards and gift certificates.  Rather, a sale is
recognized when the gift card or gift certificate is redeemed to purchase the
Company’s products.



 



39
















 



This excerpt taken from the KR 10-K filed Apr 7, 2006.

     Revenue Recognition

             Revenues from the sale of products are recognized at the point of sale of the Company’s products.  Discounts provided to customers by the Company at the time of sale, including those provided in connection with loyalty cards, are recognized as a reduction in sales as the products are sold.  Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons.  Pharmacy sales are recorded when picked up by the customer.  Sales taxes are not recorded as a component of sales.  The Company does not recognize a sale when it sells gift cards and gift certificates.  Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company’s products.

This excerpt taken from the KR 10-K filed Mar 6, 2006.

Revenue Recognition

Revenues from the sale of products are recognized at the point of sale of the Company’s products. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons. The Company does not recognize a sale when it sells gift cards and gift certificates. Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company’s products.

This excerpt taken from the KR DEF 14A filed May 16, 2005.

Revenue Recognition

 

Revenues from the sale of products are recognized at the point of sale of the Company’s products. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons. The Company does not recognize a sale when it sells gift cards and gift certificates. Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company’s products.

 

This excerpt taken from the KR 10-K filed Apr 18, 2005.

Revenue Recognition

 

Revenues from the sale of products are recognized at the point of sale of the Company’s products. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons. The Company does not recognize a sale when it sells gift cards and gift certificates. Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company’s products.

 

This excerpt taken from the KR 10-K filed Apr 15, 2005.

Revenue Recognition

 

Revenues from the sale of products are recognized at the point of sale of the Company’s products. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Discounts provided by vendors, usually in the form of paper coupons, are not recognized as a reduction in sales provided the coupons are redeemable at any retailer that accepts coupons. The Company does not recognize a sale when it sells gift cards and gift certificates. Rather, a sale is recognized when the gift card or gift certificate is redeemed to purchase the Company’s products.

 

This excerpt taken from the KR 10-K filed Apr 13, 2005.

Revenue Recognition

 

Revenues from the sale of products are recognized at the point of sale of the Company’s products. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold.

 

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