Business Description
The Kroger Co. is an American retail corporation that operates supermarkets, multi-department stores, and fulfillment centers throughout the United States. Headquartered in Cincinnati, Ohio, the company offers a wide range of products including fresh produce, pharmacy services, general merchandise, and fuel. Kroger is one of the largest food and drug retailers in the country, operating under various banner names and providing an omnichannel shopping experience through its digital platforms.
Financial Statements
In thousands, USD
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Total Revenues | 147,642,000 | 147,123,000 | 150,039,000 | 148,258,000 |
| Cost of Sales | 113,240,000 | 113,720,000 | 116,675,000 | 116,480,000 |
| Gross Profit | 34,402,000 | 33,403,000 | 33,364,000 | 31,778,000 |
| Selling, General & Administrative Expenses | 29,180,000 | 26,308,000 | 27,143,000 | 24,687,000 |
| Depreciation & Amortization Expenses | 3,332,000 | 3,246,000 | 3,125,000 | 2,965,000 |
| Operating Profit | 1,890,000 | 3,849,000 | 3,096,000 | 4,126,000 |
| Interest Expense | (639,000) | (450,000) | (441,000) | (535,000) |
| Non-Operating Income | (51,000) | (57,000) | 181,000 | (689,000) |
| Total Non-Operating Income | (690,000) | (507,000) | (260,000) | (1,224,000) |
| Income Before Provision for Income Taxes | 1,200,000 | 3,342,000 | 2,836,000 | 2,902,000 |
| Provision for Income Taxes | 176,000 | 670,000 | 667,000 | 653,000 |
| Consolidated Net Income | 1,024,000 | 2,672,000 | 2,169,000 | 2,249,000 |
| Net Income Attributable to Minority Interests and Other | 8,000 | 7,000 | 5,000 | 5,000 |
| Net Income Attributable to Common Shareholders | 1,016,000 | 2,665,000 | 2,164,000 | 2,244,000 |
| Basic EPS | 1.55 | 3.70 | 2.99 | 3.10 |
| Diluted EPS | 1.54 | 3.67 | 2.96 | 3.06 |
| Basic Weighted Average Shares Outstanding | 652,000 | 715,000 | 718,000 | 718,000 |
| Diluted Weighted Average Shares Outstanding | 655,000 | 720,000 | 725,000 | 727,000 |
| Shares Outstanding | 632,849 | 660,000 | 720,000 | 716,000 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Cash and Cash Equivalents | 4,578,000 | 5,271,000 | 3,098,000 | 2,142,000 |
| Total Cash and Cash Equivalents | 4,578,000 | 5,271,000 | 3,098,000 | 2,142,000 |
| Accounts Receivable | 2,192,000 | 2,195,000 | 2,136,000 | 2,234,000 |
| Total Trade Receivables | 2,192,000 | 2,195,000 | 2,136,000 | 2,234,000 |
| Inventories | 6,892,000 | 7,038,000 | 7,105,000 | 7,560,000 |
| Other Current Assets | 843,000 | 769,000 | 609,000 | 734,000 |
| Total Current Assets | 14,505,000 | 15,273,000 | 12,948,000 | 12,670,000 |
| Net Property, Plant & Equipment | 30,942,000 | 32,542,000 | 31,922,000 | 31,388,000 |
| Net Intangible Assets | 808,000 | 834,000 | 899,000 | 899,000 |
| Goodwill | 2,595,000 | 2,674,000 | 2,916,000 | 2,916,000 |
| Other Long-Term Assets | 1,103,000 | 1,293,000 | 1,820,000 | 1,750,000 |
| Total Assets | 49,953,000 | 52,616,000 | 50,505,000 | 49,623,000 |
| Accounts Payable | 10,488,000 | 10,124,000 | 10,381,000 | 10,179,000 |
| Accrued Expenses | 1,267,000 | 1,330,000 | 1,323,000 | 1,746,000 |
| Current Portion of Long-Term Debt | 1,802,000 | 272,000 | 198,000 | 1,310,000 |
| Current Portion of Leases | 665,000 | 599,000 | 670,000 | 662,000 |
| Other Current Liabilities | 3,886,000 | 3,615,000 | 3,486,000 | 3,341,000 |
| Total Current Liabilities | 18,108,000 | 15,940,000 | 16,058,000 | 17,238,000 |
| Long-Term Debt | 15,764,000 | 17,633,000 | 12,028,000 | 12,068,000 |
| Leases | 6,461,000 | 6,578,000 | 6,351,000 | 6,372,000 |
| Other Long-Term Liabilities | 3,684,000 | 4,184,000 | 4,467,000 | 3,931,000 |
| Total Long-Term Liabilities | 25,909,000 | 28,395,000 | 22,846,000 | 22,371,000 |
| Total Liabilities | 44,017,000 | 44,335,000 | 38,904,000 | 39,609,000 |
| Common Stock | 1,918,000 | 1,918,000 | 1,918,000 | 1,918,000 |
| Treasury Stock | (28,113,000) | (24,823,000) | (20,682,000) | (20,650,000) |
| Additional Paid-in Capital | 3,907,000 | 3,087,000 | 3,922,000 | 3,805,000 |
| Accumulated Other Comprehensive Income | (635,000) | (621,000) | (489,000) | (632,000) |
| Retained Earnings | 28,850,000 | 28,724,000 | 26,946,000 | 25,601,000 |
| Total Common Shareholders' Equity | 5,927,000 | 8,285,000 | 11,615,000 | 10,042,000 |
| Minority Interests and Other | 9,000 | (4,000) | (14,000) | (28,000) |
| Total Shareholders' Equity | 5,936,000 | 8,281,000 | 11,601,000 | 10,014,000 |
| Total Liabilities and Shareholders' Equity | 49,953,000 | 52,616,000 | 50,505,000 | 49,623,000 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Income | 1,024,000 | 2,672,000 | 2,169,000 | 2,249,000 |
| Depreciation & Amortization | 3,920,000 | 3,849,000 | 3,750,000 | 3,579,000 |
| Share-Based Compensation Expense | 157,000 | 175,000 | 172,000 | 190,000 |
| Other Adjustments | 2,540,000 | 110,000 | (111,000) | 1,605,000 |
| Changes in Trade Receivables | 113,000 | (288,000) | 14,000 | (222,000) |
| Changes in Inventories | (86,000) | (144,000) | 342,000 | (1,379,000) |
| Changes in Accounts Payable | 388,000 | 253,000 | 545,000 | 11,000 |
| Changes in Accrued Expenses | 165,000 | 107,000 | (222,000) | (167,000) |
| Changes in Income Taxes Payable | (115,000) | 76,000 | 68,000 | (190,000) |
| Changes in Other Operating Activities | (795,000) | (1,016,000) | 61,000 | (1,288,000) |
| Cash from Operating Activities | 7,311,000 | 5,794,000 | 6,788,000 | 4,498,000 |
| Capital Expenditure | (3,855,000) | (4,017,000) | (3,904,000) | (3,078,000) |
| Proceeds from Sale of Property, Plant & Equipment | 76,000 | 377,000 | 101,000 | 78,000 |
| Proceeds from Business Divestments | 52,000 | 464,000 | — | — |
| Other Investing Activities | (187,000) | (52,000) | 53,000 | (15,000) |
| Cash from Investing Activities | (3,914,000) | (3,228,000) | (3,750,000) | (3,015,000) |
| Issuance of Long-Term Debt | 43,000 | 10,502,000 | 15,000 | — |
| Repayments of Long-Term Debt | (540,000) | (4,883,000) | (1,301,000) | (552,000) |
| Net Issuance / (Repayments) of Long-Term Debt | (497,000) | 5,619,000 | (1,286,000) | (552,000) |
| Issuance of Common Shares | 182,000 | 127,000 | 50,000 | 134,000 |
| Repurchases of Common Shares | (2,699,000) | (5,156,000) | (62,000) | (993,000) |
| Net Issuance / (Repurchases) of Common Shares | (2,517,000) | (5,029,000) | (12,000) | (859,000) |
| Common Share Dividends Paid | (885,000) | (883,000) | (796,000) | (682,000) |
| Other Financing Activities | (123,000) | (197,000) | (76,000) | (196,000) |
| Cash from Financing Activities | (4,022,000) | (490,000) | (2,170,000) | (2,289,000) |
| Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash | (625,000) | 2,076,000 | 868,000 | (806,000) |
Key Metrics & Ratios
| Metric | Value |
|---|---|
| Market Cap | $39.77B |
| P/E | 40.81x |
| P/S | 0.27x |
| EV/EBITDA | 10.31x |
| Return on Equity | 14.4% |
| Return on Invested Capital | 4.2% |
| Current Ratio | 0.80x |
| Dividend Yield | 2.2% |
| Free Cash Flow Margin | 2.3% |
Margins
Gross margin
23.3%
Operating margin
1.3%
Net margin
0.7%
Quarterly Trend
| Quarter | Revenue | YoY growth | Operating margin | Operating income |
|---|---|---|---|---|
| Q1 2026 | $46.12B | +2.2% | 3.1% | $1.41B |
| Q4 2025 | $34.73B | +1.2% | 3.6% | $1.25B |
| Q3 2025 | $33.86B | +0.7% | -4.6% | $-1.54B |
| Q2 2025 | $33.94B | +0.1% | 2.5% | $863M |
| Q1 2025 | $45.12B | — | 2.9% | $1.32B |
| Q4 2024 | $34.31B | — | 2.7% | $912M |
| Q3 2024 | $33.63B | — | 2.5% | $828M |
| Q2 2024 | $33.91B | — | 2.4% | $815M |
More on The Kroger Co.
Figures compiled from public company filings.
See how Top Bucket AI works for your firm
Request DemoTop Bucket AI Research
Stay ahead of private markets
Research and market intelligence for private-markets professionals.
✓
You're subscribed.
Thanks for signing up.