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The Kroger Company

The Kroger Company Overview

(S&P Rating: BBB)

Founded in 1883, Kroger is a leading American grocer, serving more than 8.5 million customers each day. In a $1.5 trillion food market, Kroger operates nearly 2,800 supermarkets and multi-department stores, employs over 443,000 employees, and generated $122.7 billion in 2017 total sales, making the company the second-largest retailer in the U.S. They are currently listed at 18th on the Fortune 500 list.

Key Financials (2017)

Total Revenue:$122.66 billion
Year-Over-Year Revenue Growth:6.35%
Gross Profit:$27 billion
Net Income:$1.91 billion

Company Information

The Kroger logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles

In addition to its supermarkets and multi-department stores, Kroger operates 42 distribution centers, 782 convenience stores, and 274 fine jewelry stores. Other companies in the Kroger family include Ralph’s, Baker’s, Pick ‘n Save, Fred Meyer, Kwik Shop, Food 4 Less, Murray’s Cheese, and more.

In the last eight years, Kroger has hired over 86,000 new employees and more than 9,000 veterans in 2016 alone. The company is committed to investing in people by having paid over $15.6 billion in employee wages, health care, retirement benefits, and training, in 2016.

Kroger is a founding member of Feeding America, the largest domestic hunger relief organization, and has donated over 330 million meals through numerous Feeding America Food Bank partners. By 2020, Kroger plans to be a zero waste company, expand to 100% sustainable seafood in partnership with the World Wildlife Fund, and transition to a 100% cage-free egg supply chain.

Further Resources

  Company Site | Investor News & Annual Reports | NYSE: KR

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Written By: Staff

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