Sector: Consumer Staples|Industry: Grocery Stores|Market Cap: $44.06B|Employees: 414K
The Kroger Co. is a major supermarket chain operating across 35 states and the District of Columbia. They focus on growing customer loyalty through value, convenience, and strategic investments in fresh products, private label brands, data-driven personalization, and a seamless customer experience. Kroger also operates retail pharmacies and fuel centers, and is diversified across brands, product categories, and geographies.
Sales increased slightly to $33.912B from $33.853B YoY, while gross margin improved, indicating better cost management. FIFO gross margin rate increased to 22.63% from 21.81% YoY.
Net earnings attributable to The Kroger Co. was $466M, a significant improvement compared to a loss of $180M YoY. This is driven by improved margins and reduced operating expenses.
Adjusted net earnings per diluted share decreased slightly to $0.93 from $0.96 YoY, indicating some pressure on profitability despite overall improvement in net earnings.