The Kroger Co. (KR)
- Previous Close
56.93 - Open
57.08 - Bid 56.14 x 800
- Ask 56.15 x 800
- Day's Range
55.99 - 57.23 - 52 Week Range
42.10 - 58.34 - Volume
1,825,737 - Avg. Volume
5,207,119 - Market Cap (intraday)
40.512B - Beta (5Y Monthly) 0.48
- PE Ratio (TTM)
18.96 - EPS (TTM)
2.96 - Earnings Date Jun 13, 2024 - Jun 17, 2024
- Forward Dividend & Yield 1.16 (2.04%)
- Ex-Dividend Date May 14, 2024
- 1y Target Est
58.23
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
Performance Overview: KR
Trailing total returns as of 4/23/2024, which may include dividends or other distributions. Benchmark is .
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Statistics: KR
Valuation Measures
Market Cap
41.09B
Enterprise Value
57.23B
Trailing P/E
19.23
Forward P/E
12.79
PEG Ratio (5yr expected)
1.39
Price/Sales (ttm)
0.28
Price/Book (mrq)
3.54
Enterprise Value/Revenue
0.38
Enterprise Value/EBITDA
8.14
Financial Highlights
Profitability and Income Statement
Profit Margin
1.44%
Return on Assets (ttm)
6.22%
Return on Equity (ttm)
20.07%
Revenue (ttm)
150.04B
Net Income Avi to Common (ttm)
2.15B
Diluted EPS (ttm)
2.96
Balance Sheet and Cash Flow
Total Cash (mrq)
2.31B
Total Debt/Equity (mrq)
229.20%
Levered Free Cash Flow (ttm)
3.41B
Research Analysis: KR
Company Insights: KR
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Research Reports: KR
Analyst Report: The Kroger Co.
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 position across 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 TargetAnalyst Report: Kroger Co.
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 137 fine jewelry stores, 1,600 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 50% of FY23 sales, Fresh foods were 24%, Supermarket Fuel 13%, Pharmacy 9% and Other 4%. We will update the numbers above after we review the Annual Report or the company provides a new fact book. 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 TargetMarket Update: AAPL, ADM, FDX, KR, NKE, WTRG
U.S. markets were mixed on Friday morning, but are still on track for gains for the week. On the earnings front, FedEx (FDX) rose 7% on an earnings beat, while Nike (NKE) was down about 7% on a weak outlook. The Dow was down 0.5%, the S&P 500 fell 0.1% and the Nasdaq gained less than 0.1%. Crude oil traded above $80 per barrel, while gold fell $16 to $2169 per ounce.
Analyst Report: The Kroger Co.
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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