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    Kroger Co (KR)

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    Kroger Co. is a prominent food and drug retailer operating 2,722 supermarkets across 35 states and the District of Columbia, with additional online operations through a digital ecosystem . The company primarily focuses on its retail grocery business, which includes retail pharmacies and fuel centers, aiming to grow customer loyalty by delivering value and convenience . Kroger's revenue is mainly derived from the sale of consumer products in its stores, fuel centers, and online platforms, with retail operations accounting for 97% of its consolidated sales . The company's product lines include non-perishable items, fresh produce, supermarket fuel, and pharmacy products, with its private label, Our Brands, playing a significant role in its merchandising strategy .

    1. Non-Perishable Items - Offers a wide range of packaged and shelf-stable products, contributing significantly to total sales.
    2. Fresh Produce - Provides a variety of fresh fruits and vegetables, emphasizing quality and freshness.
    3. Supermarket Fuel - Operates fuel centers that offer gasoline and other fuel products to customers.
    4. Pharmacy Products - Includes prescription medications and health-related products available in retail pharmacies.
    5. Our Brands - Features a private label line that enhances the company's merchandising strategy, offering exclusive products across various categories.
    NamePositionExternal RolesShort Bio

    W. Rodney McMullen

    ExecutiveBoard

    Chairman of the Board and CEO

    None

    Joined Kroger in 1978; became CEO in 2014 and Chairman in 2015. Has held numerous leadership roles, including CFO and COO.

    View Report →

    Brian W. Nichols

    Executive

    Vice President, Corporate Controller, and Assistant Treasurer

    None

    Joined Kroger in 2000; became VP, Corporate Controller in March 2024. Oversees corporate accounting, tax, and modernization efforts.

    Carin L. Fike

    Executive

    Vice President and Treasurer

    None

    Joined Kroger in 1999; became VP and Treasurer in April 2017. Oversees financial operations and investor relations.

    Christine S. Wheatley

    Executive

    Senior Vice President, General Counsel, and Secretary

    None

    Joined Kroger in 2008; became SVP, General Counsel, and Secretary in May 2023. Leads legal and corporate governance functions.

    Gabriel Arreaga

    Executive

    Senior Vice President of Supply Chain

    None

    Joined Kroger in 2020; oversees logistics, manufacturing, and fulfillment centers. Previously held leadership roles at Mondelez and Unilever.

    Kenneth C. Kimball

    Executive

    Senior Vice President

    None

    Joined Kroger in 1984; oversees several retail divisions. Previously served as President of Smith's Division.

    Mary E. Adcock

    Executive

    Senior Vice President and Chief Merchandising and Marketing Officer

    None

    Joined Kroger in 1999; became Chief Merchandising and Marketing Officer in January 2025. Previously SVP of Operations.

    Timothy A. Massa

    Executive

    Senior Vice President and Chief People Officer

    Board Member at SHRM, HRPA, Cincinnati Zoo, and others

    Joined Kroger in 2010; leads HR and labor relations. Recognized as a Fellow of the National Academy of Human Resources in 2024.

    Todd A. Foley

    Executive

    Senior Vice President and Interim CFO

    Board Member at Connetic Venture Capital Access Fund; Board of Advisors for Star Engineering, LLC

    Joined Kroger in 2001; has held roles such as VP and Treasurer, and Corporate Controller. Interim CFO since February 2024.

    Valerie L. Jabbar

    Executive

    Senior Vice President

    None

    Joined Kroger in 1987; oversees several retail divisions. Previously served as President of Ralphs Division and Group VP of Merchandising.

    Yael Cosset

    Executive

    Senior Vice President and Chief Information Officer

    None

    Joined Kroger through 84.51° LLC; leads digital strategy and alternative profit businesses.

    Anne Gates

    Board

    Director

    Chair of Tapestry, Inc.; Board Member at Raymond James Financial and others

    Director since 2015; brings financial expertise and leadership in governance and ESG.

    Ashok Vemuri

    Board

    Director

    Board Member at Opal Fuels; Chair of Audit Committee at Opal Fuels

    Director since 2019; former CEO of Conduent and IGATE, with expertise in technology and risk management.

    Clyde R. Moore

    Board

    Director

    President and CEO of Gliocas LLC

    Director since 1997; provides oversight to Kroger’s facilities, digital, and manufacturing businesses.

    Elaine L. Chao

    Board

    Director

    Board Member at ChargePoint, Embark Technology, Hyliion Holdings, and others

    Director since 2021; former U.S. Secretary of Transportation and Labor.

    J. Amanda Sourry Knox

    Board

    Director

    Chair of Compensation Committee at PVH Corp.; Board Member at OFI, Trivium Packaging, and others

    Director since 2021; former President of Unilever North America, with expertise in CPG and ESG.

    Karen M. Hoguet

    Board

    Director

    Board Member at Nielsen Holdings, UCHealth, and others

    Director since 2019; former CFO of Macy's, Inc., with extensive retail and financial expertise.

    Kevin M. Brown

    Board

    Director

    EVP and Chief Supply Chain Officer at Dell; Board Member at Howard University Center for Supply Chain Excellence and others

    Director since 2021; provides expertise in supply chain management and sustainability.

    Mark S. Sutton

    Board

    Director

    Chairman and CEO of International Paper; Member of Business Roundtable and others

    Director since 2017; provides expertise in global supply chain and sustainability.

    Nora A. Aufreiter

    Board

    Director

    Chair of Public Responsibilities Committee at KR; Board Member at Bank of Nova Scotia, MyTheresa, and others

    Director since 2014; brings expertise in ESG, governance, and retail strategy.

    Ronald L. Sargent

    Board

    Lead Director

    Director at Five Below and Wells Fargo; Chair of JFK Library Foundation and others

    Director since 2006; former CEO of Staples, Inc., with expertise in retail and governance.

    1. Fuel sales and profitability were significantly lower this quarter compared to last year. What strategies are you implementing to offset this decline in fuel profitability, and how do you anticipate it impacting your earnings in upcoming quarters?
    2. With inflation normalizing around 1% and expected to remain consistent, how do you plan to sustain sales growth and margin expansion in a low-inflation environment, especially considering the ongoing pressure on budget-conscious households?
    3. You mentioned that budget-conscious households remain under pressure and may take longer to feel the benefits of economic improvement. What specific actions are you taking to retain and engage these customers to prevent potential loss of market share?
    4. In discussing your prepared food offerings and competition with restaurants, you acknowledged that you're just scratching the surface. What challenges have you faced in fully capitalizing on this opportunity, and what initiatives are you implementing to accelerate growth in this area?
    5. Given your net total debt to adjusted EBITDA ratio is significantly below your target range, and considering the potential that the Albertsons merger may not proceed, how do you intend to leverage your strong balance sheet to drive growth and enhance shareholder value through alternative investments or strategic initiatives?
    Program DetailsProgram 1Program 2
    Approval DateSeptember 9, 2022 December 11, 2024
    End Date/DurationDecember 11, 2024 Not specified
    Total additional amount$1.0 billion $7.5 billion
    Remaining authorization$0.0 billion $7.5 billion
    DetailsTerminated $5.0 billion expected via accelerated share repurchase
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2026$1,000 Senior Notes4.70 4.4% = (1,000 / 22,600) * 100
    2027$1,000 Senior Notes4.60 4.4% = (1,000 / 22,600) * 100
    2029$1,400 Senior Notes4.65 6.2% = (1,400 / 22,600) * 100
    2031$1,300 Senior Notes4.90 5.8% = (1,300 / 22,600) * 100
    2034$2,200 Senior Notes5.00 9.7% = (2,200 / 22,600) * 100
    2054$2,100 Senior Notes5.50 9.3% = (2,100 / 22,600) * 100
    2064$1,500 Senior Notes5.65 6.6% = (1,500 / 22,600) * 100
    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1929 PresentCurrent auditor

    Recent developments and announcements about KR.

    Earnings

    • New Earnings (Q4 2025)

      ·
      7 days ago

      KR forecasts 2-3% identical-sales (ex-fuel) and ~3% operating profit growth in 2025, with digital profitability improving. Meanwhile, a $7.5B repurchase plan signals management's confidence. Rising pension costs could weigh on Q1 EPS.

      View full earnings summary →

    8-K Filings

    • 8-K Filing

      ·
      Feb 19, 2025, 9:34 PM
      Financial Exhibits
      Regulation FD Disclosure

      Kroger names David Kennerley as CFO effective April 3, 2025, following his tenure as CFO for PepsiCo Europe. His compensation includes a base salary of $800K, a $1.35M one‐time cash bonus, and a $2.8M restricted share grant. Interim CFO Todd Foley remains until transition.

      View full 8-K filing →

    Press Releases

    • Press Release

      ·
      Feb 12, 2025, 1:49 AM

      Rodney McMullen resigns as CEO following a board investigation into personal conduct unrelated to business performance. Ron Sargent is named interim CEO, with Mark Sutton as lead independent director. Full-year guidance remains robust.

      View full press release →