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 2025FY 2024FY 2023FY 2022
Total Revenues147,642,000147,123,000150,039,000148,258,000
Cost of Sales113,240,000113,720,000116,675,000116,480,000
Gross Profit34,402,00033,403,00033,364,00031,778,000
Selling, General & Administrative Expenses29,180,00026,308,00027,143,00024,687,000
Depreciation & Amortization Expenses3,332,0003,246,0003,125,0002,965,000
Operating Profit1,890,0003,849,0003,096,0004,126,000
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 Taxes1,200,0003,342,0002,836,0002,902,000
Provision for Income Taxes176,000670,000667,000653,000
Consolidated Net Income1,024,0002,672,0002,169,0002,249,000
Net Income Attributable to Minority Interests and Other8,0007,0005,0005,000
Net Income Attributable to Common Shareholders1,016,0002,665,0002,164,0002,244,000
Basic EPS1.553.702.993.10
Diluted EPS1.543.672.963.06
Basic Weighted Average Shares Outstanding652,000715,000718,000718,000
Diluted Weighted Average Shares Outstanding655,000720,000725,000727,000
Shares Outstanding632,849660,000720,000716,000
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents4,578,0005,271,0003,098,0002,142,000
Total Cash and Cash Equivalents4,578,0005,271,0003,098,0002,142,000
Accounts Receivable2,192,0002,195,0002,136,0002,234,000
Total Trade Receivables2,192,0002,195,0002,136,0002,234,000
Inventories6,892,0007,038,0007,105,0007,560,000
Other Current Assets843,000769,000609,000734,000
Total Current Assets14,505,00015,273,00012,948,00012,670,000
Net Property, Plant & Equipment30,942,00032,542,00031,922,00031,388,000
Net Intangible Assets808,000834,000899,000899,000
Goodwill2,595,0002,674,0002,916,0002,916,000
Other Long-Term Assets1,103,0001,293,0001,820,0001,750,000
Total Assets49,953,00052,616,00050,505,00049,623,000
Accounts Payable10,488,00010,124,00010,381,00010,179,000
Accrued Expenses1,267,0001,330,0001,323,0001,746,000
Current Portion of Long-Term Debt1,802,000272,000198,0001,310,000
Current Portion of Leases665,000599,000670,000662,000
Other Current Liabilities3,886,0003,615,0003,486,0003,341,000
Total Current Liabilities18,108,00015,940,00016,058,00017,238,000
Long-Term Debt15,764,00017,633,00012,028,00012,068,000
Leases6,461,0006,578,0006,351,0006,372,000
Other Long-Term Liabilities3,684,0004,184,0004,467,0003,931,000
Total Long-Term Liabilities25,909,00028,395,00022,846,00022,371,000
Total Liabilities44,017,00044,335,00038,904,00039,609,000
Common Stock1,918,0001,918,0001,918,0001,918,000
Treasury Stock(28,113,000)(24,823,000)(20,682,000)(20,650,000)
Additional Paid-in Capital3,907,0003,087,0003,922,0003,805,000
Accumulated Other Comprehensive Income(635,000)(621,000)(489,000)(632,000)
Retained Earnings28,850,00028,724,00026,946,00025,601,000
Total Common Shareholders' Equity5,927,0008,285,00011,615,00010,042,000
Minority Interests and Other9,000(4,000)(14,000)(28,000)
Total Shareholders' Equity5,936,0008,281,00011,601,00010,014,000
Total Liabilities and Shareholders' Equity49,953,00052,616,00050,505,00049,623,000
FY 2025FY 2024FY 2023FY 2022
Net Income1,024,0002,672,0002,169,0002,249,000
Depreciation & Amortization3,920,0003,849,0003,750,0003,579,000
Share-Based Compensation Expense157,000175,000172,000190,000
Other Adjustments2,540,000110,000(111,000)1,605,000
Changes in Trade Receivables113,000(288,000)14,000(222,000)
Changes in Inventories(86,000)(144,000)342,000(1,379,000)
Changes in Accounts Payable388,000253,000545,00011,000
Changes in Accrued Expenses165,000107,000(222,000)(167,000)
Changes in Income Taxes Payable(115,000)76,00068,000(190,000)
Changes in Other Operating Activities(795,000)(1,016,000)61,000(1,288,000)
Cash from Operating Activities7,311,0005,794,0006,788,0004,498,000
Capital Expenditure(3,855,000)(4,017,000)(3,904,000)(3,078,000)
Proceeds from Sale of Property, Plant & Equipment76,000377,000101,00078,000
Proceeds from Business Divestments52,000464,000
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 Debt43,00010,502,00015,000
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 Shares182,000127,00050,000134,000
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)2,076,000868,000(806,000)

Key Metrics & Ratios

MetricValue
Market Cap$39.77B
P/E40.81x
P/S0.27x
EV/EBITDA10.31x
Return on Equity14.4%
Return on Invested Capital4.2%
Current Ratio0.80x
Dividend Yield2.2%
Free Cash Flow Margin2.3%

Margins

Gross margin
23.3%
Operating margin
1.3%
Net margin
0.7%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating 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.

Financial data last updated 2026-07-11. Figures compiled from public company filings.

See how VectorShift works for your firm

Request Demo