- Previous Close
56.09 - Open
56.09 - Bid 55.30 x 800
- Ask 56.00 x 900
- Day's Range
55.40 - 56.09 - 52 Week Range
42.10 - 58.34 - Volume
3,329,149 - Avg. Volume
4,290,549 - Market Cap (intraday)
40.24B - Beta (5Y Monthly) 0.46
- PE Ratio (TTM)
14.56 - EPS (TTM)
3.82 - Earnings Date Nov 28, 2024 - Dec 2, 2024
- Forward Dividend & Yield 1.28 (2.28%)
- Ex-Dividend Date Nov 15, 2024
- 1y Target Est
58.81
The Kroger Co. operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The company's marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provide grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets and online; and sells fuel through fuel centers. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
www.thekrogerco.com414,000
Full Time Employees
February 03
Fiscal Year Ends
Sector
Industry
Recent News: KR
View MorePerformance Overview: KR
Trailing total returns as of 10/3/2024, which may include dividends or other distributions. Benchmark is
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Statistics: KR
View MoreValuation Measures
Market Cap
40.58B
Enterprise Value
56.08B
Trailing P/E
14.68
Forward P/E
12.14
PEG Ratio (5yr expected)
1.31
Price/Sales (ttm)
0.27
Price/Book (mrq)
3.24
Enterprise Value/Revenue
0.37
Enterprise Value/EBITDA
7.20
Financial Highlights
Profitability and Income Statement
Profit Margin
1.86%
Return on Assets (ttm)
5.96%
Return on Equity (ttm)
24.29%
Revenue (ttm)
150.2B
Net Income Avi to Common (ttm)
2.77B
Diluted EPS (ttm)
3.82
Balance Sheet and Cash Flow
Total Cash (mrq)
2.31B
Total Debt/Equity (mrq)
229.20%
Levered Free Cash Flow (ttm)
2.02B
Research Analysis: KR
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Research Reports: KR
View MoreSecond-quarter earnings top consensus
Kroger, based in Cincinnati, operated about 2,700 retail supermarkets and multidepartment stores in 35 states at the end of FY24. We estimate that these stores generated over 90% of the company's $150 billion in sales in FY24. KR also operated 1,665 supermarket fuel centers, more than 225 Little Clinics, and 33 food processing plants in the U.S. These plants make about 31% of KR's private-brand units. The company's name plates include Kroger, Ralphs, Fred Meyer, Food 4 Less, King Scoopers, Smith's, Fry's, Dillon's, City Market and Harris Teeter. Some 15% of the supermarkets are in California, 9% are in Ohio and 8% are in Texas. Wal-Mart and Sam's Club are primary competitors in most major markets. KR has pharmacies in about 82% of its food stores. The company has 179 million square feet of supermarket space. KR completed the sale of 782 convenience stores in the first quarter of FY19. Non-Perishables represented 51% of FY24 sales, Fresh foods were 24%, Supermarket Fuel 11%, Pharmacy 9.5% and Other 4%. The company's fiscal year ends on the Saturday closest to January 31. Kroger's fiscal first quarter is 16 weeks. The second, third and fourth quarters are each 12 weeks. The current FY25 is a 52-week year.
RatingPrice TargetStocks are broadly higher at midday on Friday, supported by improving
Stocks are broadly higher at midday on Friday, supported by improving inflation data, a pending interest-rate cut from the Federal Reserve (but by how much?), broadening participation from sectors, and news of improved consumer sentiment. Perhaps the September jinx, which seemed firmly in play about a week ago, can be overcome this year. Time will tell.
Intense Retail Competition Likely to Put Downward Pressure on Kroger's Margins
Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger’s roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
RatingPrice TargetKroger Earnings: Soft Food Inflation Prompts Weak Top-Line Gains but Margins Prove Resilient
Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company touts its ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger’s roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
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