Kroger, based in Cincinnati, operated about 2,800 retail supermarkets and multidepartment stores in 35 states at the end of FY21. These stores generated over 90% of the company's $132.5 billion in sales in FY21. KR also operated approximately 170 fine jewelry stores, 1,585 supermarket fuel centers, and 35 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 180 million square feet of supermarket space. KR completed the sale of 782 convenience stores in the first quarter of FY19.
Non-Perishables represented 53% of FY21 sales, Fresh foods were 25%, Supermarket Fuel 7%, Pharmacy 9% and Other 5%.
The company's fiscal year ends on the Saturday closest to January 31.
|Symbol||Name||Price||Market Cap||PE Growth Rate(5Y)||Net Margin||EPS Growth(1Y)||Argus Rating|
|KR||Kroger Company (The)||37.39||N/A||N/A||N/A||N/A||N/A|
LYFT, KSS, CMI
Chris Graja, CFASenior Analyst: Retail