Kroger projects $4.9 billion in profits in 2022. Now it’s purchasing Albertons, the second largest grocery store chain, for $25 billion. Albertsons previously acquired Safeway for $9.2 billion. Why are grocery prices up? Grocery store goliaths are buying the competition.
The Kroger Company, or simply Kroger, is an American retail company that operates (either directly or through its subsidiaries) supermarkets. Number of locations: 2,849, including 2,720 supermarkets and 129 jewelers (Q3 2022)
The Kroger Company, or simply Kroger, is an American retail company that operates supermarkets and multi-department stores throughout the United States.
CEO: Rodney McMullen (Jan 1, 2014–)
Founder: Bernard Kroger
Stock price: KR (NYSE) $44.32 +0.83 (+1.91%)
Headquarters: Cincinnati, OH
Founded: 1883; 139 years ago; Cincinnati, Ohio, U.S
Revenue: 137.9 billion USD (2022)
Number of employees: 465,000 (2022)
The Kroger Co. Family of Stores includes:
- Baker’s
- City Market
- Dillons
- Food 4 Less
- Foods Co
- Fred Meyer
- Fry’s
- Gerbes
- Jay C Food Store
- King Soopers
- Kroger
- Mariano’s
- Metro Market
- Pay-Less Super Markets
- Pick’n Save
- QFC
- Ralphs
- Ruler
- Smith’s Food and Drug
