Kroger Company (The) (KR) Stock Forecasts

Summary

Kroger, based in Cincinnati, operated approximately 2,700 supermarkets and department stores in 35 states at the end of FY24. We estimate that these stores generated more than 90% of the company’s $150 billion in revenue in FY24. KR also operated 1,665 convenience store gas stations, more than 225 Little Clinics and 33 food processing plants in the U.S. These plants produce approximately 31% of KR’s private-brand units. The company’s nameplates include Kroger, Ralphs, Fred Meyer, Food 4 Less, King Scoopers, Smith’s, Fry’s, Dillon’s, City Market and Harris Teeter. Approximately 15% of its supermarkets are in California, 9% in Ohio and 8% in Texas. Wal-Mart and Sam’s Club are its primary competitors in most major markets. KR has pharmacies in approximately 82% of its grocery stores. The company has 179 million square feet of supermarket space. KR completed the sale of 782 convenience stores in the first quarter of FY19. Non-Perishables repr