Summary
Kroger, based in Cincinnati, operated about 2,700 retail supermarkets and multidepartment stores in 35 states at the end of FY23. We estimate that these stores generated over 90% of the company’s $148 billion in sales in FY23. KR also operated 137 fine jewelry stores, 1,600 supermarket fuel centers, more than 225 Little Clinics, and 33 food processing plants in the U.S. These plants make about 31% of KR’s private-brand units. The company’s name plates include Kroger, Ralphs, Fred Meyer, Food 4 Less, King Scoopers, Smith’s, Fry’s, Dillon’s, City Market and Harris Teeter. Some 15% of the supermarkets are in California, 9% are in Ohio and 8% are in Texas. Wal-Mart and Sam’s Club are primary competitors in most major markets. KR has pharmacies in about 82% of its food 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 represented 50% of FY23 sales, Fresh foods were 24%, Supermarket Fuel 13%, Pharmacy 9% and Other 4%. We will update this after the company provides a new fact book. The company’s fiscal year ends on the Saturday closest to January 31. Kroger’s fiscal first quarter is 16 weeks. The second, third and fourth quarters are each 12 weeks. The current FY24 is a 53-week year. The extra week falls in 4Q.
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