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One of the largest US supermarket chains, selling groceries under Kroger and regional banners plus pharmacy and fuel.
One of the largest US supermarket chains, selling groceries under Kroger and regional banners plus pharmacy and fuel.
Makes small profit per item on very large grocery volume, so own-brand lines, which earn more per item than national brands, and fuel rewards that bring shoppers back matter. Loyalty-card data lets it sell advertising and insight to food suppliers. A planned purchase of Albertsons was blocked by a US court in late 2024.
Moat: narrow (scale, distribution, data). Store density, private-label scale and loyalty-card purchase data versus regional grocers.
Headquarters: Cincinnati, Ohio, US · Founded: 1883 · Employees: 403,000
Size Kroger (KR) is a United States Consumer Staples company (Food Retail) with a market value of $40.0B, the 298th largest of 3,117 United States companies the cockpit tracks. Shares closed at $67.70 on 6 Nov 2026.
Performance Over six months the shares gained 3.7%, against +15.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 13 in its peer set.
Growth Revenue grew 1.6% over the last twelve months (peer median +3.2%); the operating margin is 3.2% (peer median 4.3%).
Valuation It trades at 13.1× forward earnings against a peer median of 19.4× (2nd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.5 points above its cost of capital (6.2% WACC).
Credit Kroger has 21 bonds outstanding ($15.2B), rated BBB by the agencies and trading like A- at a weighted spread of 90 bp.
Short interest Short interest is 5.2% of the free float (15 Oct 2026).
Next results Next results expected around 26 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $149B | $148B | $147B | $150B | $148B |
| Revenue growth | — | 0% | -2% | +1% | — |
| Gross profit | $31.3B | $31.1B | $30.2B | $30.2B | $28.8B |
| EBITDA | $8.55B | $8.70B | $8.48B | $8.71B | $8.11B |
| Net income | $1.07B | $1.01B | $2.65B | $2.15B | $2.22B |
| Free cash flow | $2.31B | $3.39B | $1.87B | $2.97B | $1.47B |
| Capital expenditure | $4.32B | $3.85B | $4.02B | $3.90B | $3.08B |
| Total debt | $24.2B | $24.7B | $25.1B | $19.2B | $20.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Kroger KR | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% |
| Albertsons Companies ACI | $6.02B | -20% | +2% | 2% | 7.0× | -3.0% |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | +9.2% | 4th highest of 13 |
| 6-month return | +3.7% | +15.6% | 2nd lowest of 13 |
| Distance from 52-week high | -11.1% | -3.6% | 2nd lowest of 13 |
| Revenue growth (TTM) | +1.6% | +3.2% | 5th lowest of 13 |
| Operating margin | 3.2% | 4.3% | 3rd lowest of 13 |
| Forward P/E | 13.1× | 19.4× | 2nd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -6.0% | 4.4% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +2.2% | +4.2% | lowest of 13 |
| Hurdle (Req g minus delivered) | -8.2 pp | -1.9 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +7.5 pp | +2.6 pp | 2nd highest of 13 |
| EV / EBITDA | 7.2× | 9.0× | 3rd cheapest of 12 |
| Net debt / EBITDA | 2.5× | 2.4× | 6th most indebted of 13 |
| Bond spread | 90 bp | 109 bp | tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kroger KR | United States | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% | +2.2% |
| Woolworths WOW.AX | Australia | $35.8B | +29% | +4% | 4% | 28.8× | 8.8% | +5.1% |
| Tesco TSCO.L | United Kingdom | $46.2B | +21% | +5% | 4% | 17.5× | 5.9% | +5.0% |
| Koninklijke Ahold Delhaize AD.AS | Netherlands | $33.3B | -6% | 0% | 4% | 12.7× | -7.0% | +4.3% |
| Seven & I 3382.T | Japan | $31.7B | +16% | -11% | 4% | 17.4× | 4.0% | +12.6% |
| George Weston WN.TO | Canada | $29.0B | +15% | +4% | 9% | 21.0× | -7.3% | +3.9% |
| Loblaw Companies L.TO | Canada | $57.0B | +16% | +4% | 7% | 26.1× | -1.0% | +3.9% |
| Coles COL.AX | Australia | $21.0B | +7% | +3% | 4% | 24.4× | 5.5% | +3.3% |
| Metro MRU.TO | Canada | $14.6B | +11% | +3% | 6% | 19.4× | -0.7% | +4.1% |
| Uni-president Enterprises 1216.TW | Taiwan | $13.2B | +11% | +1% | 5% | 17.6× | 0.6% | +8.5% |
| Kesko KESKOA.HE | Finland | $11.3B | +23% | +6% | 5% | 20.6× | 4.8% | +3.2% |
| BBB Foods TBBB | United States | $10.8B | +72% | +52% | 1% | n/a | 49.9% | +37.1% |
| J Sainsbury SBRY.L | United Kingdom | $10.4B | +16% | -3% | 3% | 14.9× | 7.8% | +3.0% |
Kroger has 21 bonds outstanding with $15.2B face value. The agencies rate it BBB; its bonds trade like A-. Weighted yield 5.87%, a spread of 90 bp over government bonds.