17 Followers USX:KR - The Kroger Co Kroger Company
Sector: Consumer Staples, Industry: Food Retail
Next Earnings: 13 Jun 2024
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USD 56.9    +0.51 (+0.90%)

27 Mar 2024


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General

CEO: Mr. William Rodney McMullen

IPO: 1928-01-26

Headquarters: US

Employees: 500,000

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Description

Kroger is the leading U.S. grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Kroger has offered to acquire Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.

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