Kroger Corporate Profile

Kroger Corporate Profile

The Kroger logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles


S&P Rated: Investment Grade BBB (Long-Term) A-2 (Short-Term)



Estimated Annual Revenue: $108.47 billion
Current Gross Profit: $22.95 billion
Current Annual Net Income: $1.73 billion
2014 Fiscal Year Revenue Growth: 10.26%

Kroger (NYSE: KR) was founded over 130 years ago. It is the largest supermarket chain in America by revenue. Its assets total over $30 billion. It is also the second largest general retailer and the 23rd largest company. It was ranked 24th on the Fortune 500 in 2014, during which its stock rose over 90%, making it the 10th best-performing stock on the list. As of the most recent proxy statement, Kroger's sales had increased for the 45th consecutive quarter and its market share had increased for the 10th consecutive year. It moved up to #20 on the Fortune 500 in 2015, #4 in the Food and Drug Store industry on their list of the World’s Most Admired Companies, and #1 for Financial Soundness. As of December 2015 Kroger operates 2,600+ supermarkets and department stores, 2,120+ pharmacies, 1,350+ fuel centers, 780+ convenience stores, 320+ jewelry stores, and 35+ food processing or manufacturing facilities, which together serve over 8 million customers daily. Kroger employs over 400,000 individuals throughout 34 states. Kroger operates under 20+ local names, including City Market, Dillons, Food 4 Less, Fred Meyer, Fry's, Jay C, King Soopers, Pick 'n Save, QFC, Ralphs and Smith's. Kroger recently expanded this footprint by more than 150 stores through its $800 million acquisition of Roundy’s, adding the Wisconsin geography and over 30 Mariano's locations in Chicago. Kroger has a history of staying ahead of the curve technologically in order to better serve its customers, from being the 1st grocery-chain to test foods and monitor product quality in the 1930's, to acquiring the 212-store Harris Teeter, whose Click-and-Collect (now ClickList) program allows customers to order groceries online.

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