Kroger Company (The)
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Gregory S. Foran
- Full Time Employees
- 403,000
- Sector
- Retail trade
- Industry
- Food retail
- Address
- 1014 Vine Street Cincinnati OH United States 45202
- IPO Date
- Jan 26, 1928
- CIK
- 0000056873
- Website
- thekrogerco.com
- Similar Companies
- Business
- The Kroger Co. (NYSE: KR) operates as one of the largest grocery retailers in the United States, offering a wide range of food, drug, and general merchandise through more than 2,700 supermarkets, multi-department stores, marketplace formats, and price impact warehouses under various banners including Kroger, Ralphs, Fred Meyer, Harris Teeter, King Soopers, Smith's, and Fry's. The company provides combination food and drug stores featuring natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, organic produce, apparel, home fashion and furnishings, outdoor living products, electronics, automotive items, toys, bakery goods, prepared foods, health and beauty care, meat, dairy, and baked goods; it also sells fuel at more than 1,700 fuel centers and delivers through digital platforms supporting ship-to-home and omnichannel experiences. Kroger manufactures and processes food products at 32 facilities, producing high-quality private label Our Brands offerings such as bread, cookies, milk, soda, ice cream, peanut butter, and innovative trend-driven items available exclusively in its stores and online. Founded in 1883 by Bernard H. "Barney" Kroger in Cincinnati, Ohio, where it maintains headquarters, the company serves approximately 11 million customers daily across 35 states with around 409,000 associates, 2,270 pharmacies filling nearly 262 million prescriptions annually, and a focus on fresh products sourced from farmers, personalization via data science, and community initiatives like the Zero Hunger | Zero Waste plan that has donated 3.9 billion meals. Kroger's subsidiaries and banners stem from strategic mergers, including Dillon Companies (1983), Fred Meyer (1999), Harris Teeter (2014), Roundy's (2015), Home Chef (2018), and Vitacost.com (2014), expanding its reach coast-to-coast and into e-commerce. In recent developments, Kroger advances its Kroger Strategy 2025 with heavy investments in digital transformation, including artificial intelligence, robotics, cloud computing, autonomous delivery, and partnerships with Google Cloud, Ocado, Nvidia, Gatik, Cooler Screens, and Drone Express to optimize supply chains, personalization, and omnichannel fulfillment following the collapse of its proposed $25 billion merger with Albertsons in December 2024 due to regulatory concerns. The company expanded private label products, completed 29 major store projects in high-growth geographies in 2024 to drive sales, initiated a $5 billion accelerated share repurchase program in fiscal 2024 set for completion in fiscal 2025 under a $7.5 billion authorization, and plans further open market repurchases with proceeds partly funding holiday hiring of 18,000 associates. These initiatives support identical sales growth without fuel, narrowed guidance, and long-term free cash flow projections amid competitive pressures in grocery retail.
Company News
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Kroger to cut 3,000 corporate employees over the next 3 years. Read the memo.
Kroger plans to cut about a third of corporate roles over the next three years, Bloomberg News reports