⚡What does Kroger do, in 30 seconds?
Kroger sells groceries, fresh food, medicines and fuel. At 31 January 2026, it ran 2,697 supermarkets in 35 US states and the District of Columbia; 2,250 had pharmacies and 1,731 had fuel centers 6. In FY2025, the year to 31 January 2026, it took in $147.6bn ✓. Groceries that keep on the shelf made up 53% ✓ of that, and fresh food 25% ✓.
📱What does Kroger sell?
Kroger reports one business, its stores, which make up substantially all of its sales 1. It splits those sales into five kinds of products, and everyday groceries are by far the biggest. Here is what each one is and who buys it.
Non-perishable groceries
Mainly packaged grocery items, general merchandise, health and beauty care and natural foods 1. This line brought in $77.6bn ✓ in FY2025. Across the store, Kroger sells its own brands in three tiers: Private Selection (premium), the Kroger brand and Smart Way (value), plus the Simple Truth natural and organic line 3.
👥 Households doing their weekly shop. Over 95% of customer transactions are tied to a Kroger loyalty card 4.
Fresh food
Mainly produce, flowers, meat, seafood, deli, bakery and fresh prepared foods 1. Fresh food brought in $37.2bn ✓ in FY2025. Kroger's own food plants include 14 dairies, nine deli or bakery plants and two cheese plants 5.
👥 Shoppers buying fruit, vegetables, meat and ready-made meals.
Pharmacy
Prescription counters inside 2,250 of Kroger's supermarkets at 31 January 2026 6. Pharmacy brought in $18.2bn ✓ in FY2025. In FY2023, the year to February 2024, it brought in $14.4bn ✓. In the quarter to 15 August 2026, pharmacy was among the departments leading Kroger's identical sales growth 7.
👥 People filling prescriptions. Customers switching from brand-name to generic drugs cut that quarter's identical sales growth by 61 basis points 7.
Fuel
Fuel centers at 1,731 of Kroger's supermarkets at 31 January 2026 6. Fuel brought in $13.6bn ✓ in FY2025. Kroger says fuel is an important part of its revenue, profit and loyalty offering 6. In the quarter to 15 August 2026, fuel sales rose 25.6% from a year earlier, mainly because the average pump price rose 25.3% 7.
👥 Drivers filling up near where they shop.
Other
Mainly ads sold to other companies, data analytics services and in-store health clinics; it also held specialty pharmacy until Kroger sold that business 1. This line brought in $1.1bn ✓ in FY2025, against $4.2bn ✓ in FY2023. It fell in fiscal 2025 mainly because of that sale 1. Its ad arm, Kroger Precision Marketing, sells ads in search, on social media, on connected TV and inside stores 3.
👥 Brands that want to reach Kroger shoppers, and patients at its clinics.
How the mix has shifted
💸How does Kroger make money?
Follow the money: what customers pay for, what it costs to make, and what is left as profit.
Kroger took in $147.6bn ✓ in FY2025. The cost of sales, what Kroger paid for the goods it sold, was $113.2bn ✓. What is left is gross profit, the money kept after paying for what was sold. That came to $34.4bn ✓.
Next come all the other costs of running the business, apart from interest and tax. That means store staff, rent, offices and other running costs. These store running and admin costs took $32.5bn ✓. Kroger's fiscal 2025 results include $2,497 million of fulfillment network impairment and related charges 13. What remains is operating profit, the profit from the main business, which was $1.9bn ✓. Other items, including interest, came to -$0.7bn ✓, a net cost, and tax took $0.2bn ✓. That left net income of $1.0bn ✓.
Put simply, out of every hundred dollars of sales, Kroger spent about $77 ✓ on the cost of sales and $22 ✓ on other operating costs, the store running and admin costs. It kept about $1 ✓ as profit, in the year of the fulfillment network charges 13.
Out of every $100 customers paid in FY2025 (the year to Jan 2026)…
⏱️ Kroger by the clock
Spread the FY2025 totals evenly over its 364 days and you get this. Source: KROGER CO 10-K [8].
📈How is Kroger doing?
Kroger's sales have barely grown in recent years, and its profit fell in FY2025. Sales were $147.6bn ✓, up 0.4% ✓ on FY2024, the year to February 2025, when they were $147.1bn ✓. FY2025 sales come after Kroger sold its specialty pharmacy business, which made its other sales fall in fiscal 2025 1. Gross margin rose to 23.3% ✓ from 22.7% ✓. But operating profit fell to $1.9bn ✓ from $3.8bn ✓. That year, Kroger recorded $2,497 million of fulfillment network impairment and related charges 13. Net income was $1.0bn ✓, down from $2.7bn ✓. Free cash flow rose to $3.5bn ✓ from $1.8bn ✓.
In the four quarters to 15 August 2026, part way through fiscal 2026 (the year to January 2027), sales were $149.3bn ✓. That was up 1.6% ✓ on the four quarters before. In the quarter to 15 August 2026, identical sales without fuel rose 0.2%, against 3.4% a year earlier 31. The Inflation Reduction Act cut that growth by 138 basis points 7. Online sales grew 14% in that quarter 7. On 11 September 2026, Kroger cut its fiscal 2026 goal for identical sales growth without fuel to 0.2%-0.8%, from 1.0%-2.0% 31.
Over the long run, growth has been slow but steady. From FY2015, the year to January 2016, to FY2025, sales grew 3.0% ✓ a year on average. Sales rose in 8 ✓ of those 10 ✓ years. Operating margin slipped from 3.3% ✓ in FY2015 to 2.6% ✓ in FY2024. It then fell to 1.3% ✓ in FY2025, the year of the $2,497 million fulfillment network charges 13.
📝 The report card
Kroger earns top marks for steadiness, a middle mark for its balance sheet, and low marks for growth, profit and cash on a scale built for all kinds of companies. Every company is graded on the same fixed scale, so an A means the same thing on every page. The strip shows where Kroger (orange) and its 4 peers land; further right is better.
Growth
Kroger's sales changed by -0.1% ✓ a year over its last three fiscal years, to January 2026. That is just under the 0% line, so it earns an F ✓. Target's figure over the same years was -1.3% ✓, also an F ✓. Amazon grew 11.7% ✓ a year over its last three years, to December 2025, a B ✓.
Why this measure? (higher is better)
Growing sales is the engine of a business. Mature giants rarely grow fast, so 5% a year already earns a C.
Profitability
Over the last three years combined, Kroger kept 2.0% ✓ of sales as operating profit, an F ✓ on a scale built for all kinds of companies. Costco's figure is 3.8% ✓, also an F ✓. Walmart's is 4.2% ✓, also an F ✓. Kroger's three years include fiscal 2025, with its $2,497 million of fulfillment network charges 13.
Why this measure? (higher is better)
Operating margin is the share of each sales dollar left after running the business. Software and platforms often clear 30%; hardware makers usually sit below 10%.
Cash generation
Over the last three years combined, Kroger turned 1.8% ✓ of sales into free cash flow, an F ✓. In FY2025 it spent $3.9bn ✓ on stores and equipment, out of $7.3bn ✓ of cash from operations. The peer median is also low, at 3.2% ✓.
Why this measure? (higher is better)
Free cash flow is the cash left after paying for factories, data centres and equipment. It funds dividends, buybacks and new bets.
Balance sheet
Kroger's borrowings are far bigger than its cash. At the end of FY2025, its cash and investments minus borrowings (leases and stakes in other companies not counted) came to -8.5% ✓ of a year's sales, a C ✓. Target's figure at the same date was -4.0% ✓, also a C ✓, and Kroger's is the lowest of the five companies compared. At 15 August 2026, Kroger's borrowings were $15.4bn ✓, against $1.7bn ✓ of cash and investments.
Why this measure? (higher is better)
More cash than debt gives a company room to ride out bad years. Some debt is normal; a lot of it makes a company fragile.
Steadiness
Kroger's yearly growth swings very little. How much it swings, measured from year to year, is 3.7% ✓, which earns an A ✓. Only Walmart is steadier among the five, at 2.1% ✓. Amazon's figure is 10.0% ✓, a C ✓.
Why this measure? (lower is better)
Steady growers are easier to plan around. Big swings mean sales depend on product cycles, the economy or one-off events.
🧑🏫 How the grades work
- Same scale for everyone. Each measure has fixed cut-offs (shown under each strip). Clear the A line and you get an A, whatever your peers do.
- Three years together. Profitability and cash generation add up the last three fiscal years before dividing, so one unusual year counts for less than it would on its own (a year much bigger than the others still weighs most).
- Peers for context. The rank shows how Kroger compares with the group. Companies within 0.1 percentage point share a rank.
- Same source. Every company's figures come from its own latest annual report (10-K), so fiscal years end in different months.
- Judgement, openly stated. The cut-offs are QuantVantage.ai's view of what good looks like for a large, established company. They are not a forecast or a recommendation.
11 years at a glance
Where the cash goes
Over the 11 fiscal years from FY2015 to FY2025, Kroger paid out $24.0bn ✓ in buybacks and dividends. That was a bit more than the $22.5bn ✓ of free cash flow it made. In FY2025 it paid $0.9bn ✓ in dividends and spent $2.7bn ✓ on buybacks. Together, that was 104% ✓ of the year's free cash flow. In the quarter to 15 August 2026, Kroger raised its dividend by 11%, its 20th year in a row of increases 31.
🧮Ratios 101: what are Kroger's key financial ratios?
Ratios shrink Kroger's big numbers into easy comparisons, and they show a grocer that keeps very little of each sale but sells a lot for what it owns. A ratio divides one number by another so companies of any size can be compared. Each card shows the formula with Kroger's real FY2025 numbers, the peer median and the trend.
💰 Profitability: how much of each sale is kept?
Gross margin
What is left from each sale after paying to make the product or deliver the service.
👉 At 23.3% ✓, up from 22.2% ✓ in FY2015, Kroger sits below the 26.4% ✓ peer median. Costco keeps far less, at 12.8% ✓.
📏 Rule of thumb: Above 40% usually signals pricing power or a big software or services mix.
Operating margin
What is left after also paying for research, marketing and running the company.
👉 Kroger's 1.3% ✓ is well below the 4.5% ✓ peer median and its own 3.3% ✓ of FY2015. It was 2.6% ✓ in FY2024, before the fiscal 2025 fulfillment network charges of $2,497 million 13.
📏 Rule of thumb: Above 20% is strong for a large company.
Net margin
The bottom line: profit after interest and taxes, per dollar of sales.
👉 Kroger kept 0.7% ✓ of sales as final profit in FY2025, down from 1.9% ✓ in FY2015 and below the 3.3% ✓ peer median. It was 1.8% ✓ in FY2024; FY2025 includes the $2,497 million of fulfillment network charges 13.
📏 Rule of thumb: Above 15% is strong; one-off tax items can move it in a single year.
Return on equity (ROE)
Profit earned for each dollar that shareholders have left in the company.
👉 ROE of 17.1% ✓ is below the 22.4% ✓ peer median and down from 29.9% ✓ in FY2015. Shareholders' equity is small, at $5.9bn ✓, so even a thin profit gives a fair ROE. FY2025 profit includes the $2,497 million of fulfillment network charges 13.
📏 Rule of thumb: Around 15% or more is good, but buybacks shrink equity and can make ROE look huge.
⚙️ Efficiency: how hard do the assets work?
Return on assets (ROA)
Profit earned from everything the company owns, however it was paid for.
👉 ROA of 2.0% ✓ is down from 6.0% ✓ in FY2015 and well below the 8.6% ✓ peer median. FY2025 profit includes the $2,497 million of fulfillment network charges 13.
📏 Rule of thumb: Above 10% is strong; banks and factories usually earn less.
Asset turnover
Dollars of sales squeezed out of each dollar of assets.
👉 Kroger's yearly sales are 3.0x ✓ the value of everything it owns, above the 2.1x ✓ peer median. Only Costco turns its assets faster, at 3.4x ✓.
📏 Rule of thumb: Retailers often top 2x; asset-heavy businesses can sit below 0.5x.
🛟 Safety: could it survive a bad year?
Current ratio
Can short-term assets (cash, money owed by customers, stock) pay the bills due within a year?
👉 Kroger's 0.8x ✓ is the same as in FY2015, at 0.8x ✓. It had $14.5bn ✓ of short-term assets against $18.1bn ✓ of bills due within a year. Walmart sits at the same 0.8x ✓.
📏 Rule of thumb: Above 1.0x is the classic comfort line, but cash-rich giants can run below it on purpose.
Debt to equity
How much the company has borrowed for each dollar shareholders have in it.
👉 Kroger's 2.7x ✓ is up from 1.7x ✓ in FY2015 and far above the 0.3x ✓ peer median. It had $15.9bn ✓ of debt against $5.9bn ✓ of shareholders' equity.
📏 Rule of thumb: Below 1.0x is conservative. Like ROE, it can rise when buybacks shrink equity, even if debt has not changed.
💵 Cash and owners: where does the money end up?
Cash conversion
Does reported profit turn into real cash? Free cash flow is operating cash minus capital spending.
👉 Kroger's free cash flow was 3.4x ✓ its net income in FY2025: $3.5bn ✓ against $1.0bn ✓. That is far above the 0.7x ✓ peer median and its 0.8x ✓ of FY2015. Kroger's FY2025 net income includes the $2,497 million of fulfillment network charges 13.
📏 Rule of thumb: Near or above 1.0x means profits are backed by cash.
Stock pay
Pay given to staff in shares instead of cash. It is a real cost to owners because it adds shares.
👉 Stock pay is just 0.1% ✓ of sales, down from 0.2% ✓ in FY2015 and below the 0.4% ✓ peer median.
📏 Rule of thumb: Under 5% of sales is modest for a tech company.
Shareholder payout
How much of the year's profit was handed back to owners.
👉 Kroger paid out 352.8% ✓ of FY2025 profit as dividends and buybacks: $3.6bn ✓ against net income of $1.0bn ✓. The peer median is 51.1% ✓, and Kroger's own figure was 53.4% ✓ in FY2015. FY2025 net income includes the $2,497 million of fulfillment network charges 13.
📏 Rule of thumb: Above 100% means it returned more than it earned, using cash savings or debt.
Ratios use fiscal-year-end balance sheet values. Inputs are shown rounded, so dividing them can differ from the result in the last digit. A peer median leaves out peers that do not report the inputs, or where the ratio means nothing (for example, negative shareholders' equity). Rules of thumb are general guides from QuantVantage.ai, not hard limits. No share-price ratios (like price-to-earnings) are shown on this page.
🥊Who are Kroger's competitors?
Kroger competes with big discount chains, warehouse clubs and online sellers. It lists online retailers, mass merchants, club stores and deep discounters among its rivals 24. Costco, in turn, names Kroger among its significant US general merchandise competitors 15.
| Company | Where they compete | Revenue | Growth/yr (3y) | Op. margin | FCF margin |
|---|---|---|---|---|---|
| Kroger (KR, FY2025 to Jan 2026) | Groceries, fresh food, pharmacy and fuel at 2,697 US supermarkets at 31 January 2026 6 | $147.6bn | -0.1% | 1.3% | 2.3% |
| Costco (COST, FY2026 to Aug 2026) | Groceries, fresh food, pharmacies and fuel; Costco ran 774 gas stations at the end of its fiscal 2026 151617 | $303.2bn | 7.8% | 3.9% | 3.1% |
| Target (TGT, FY2025 to Jan 2026) | Groceries in US stores, plus ad businesses that sell to the brands they stock: Kroger Precision Marketing at Kroger and Roundel at Target 181920 | $104.8bn | -1.3% | 4.9% | 2.7% |
| Walmart (WMT, FY2026 to Jan 2026) | Groceries, pharmacy and fuel in US stores; grocery made $285.5 billion of Walmart U.S. fiscal 2026 net sales 212223 | $713.2bn | 5.3% | 4.2% | 2.1% |
| Amazon (AMZN, FY2025) | Groceries in stores and online; Amazon bought Whole Foods Market in 2017 and later opened Amazon Fresh stores 242526 | $716.9bn | 11.7% | 11.2% | 1.1% |
Kroger also competes with regional chains, dollar stores, and ethnic, specialty and natural food stores 24. It calls the competition intense and ever-increasing 24.
🧭Kroger SWOT: strengths, weaknesses, opportunities and threats
💪 Strengths
- Kroger serves about 63 million households a year, and over 95% of customer transactions are tied to its loyalty card 4.
- Its Our Brands store-brand products made up over $39 billion of sales in fiscal 2025 5.
- Kroger's yearly sales growth swings very little, at 3.7% ✓, which earns an A ✓.
- At 31 January 2026, 2,250 of its 2,697 supermarkets had pharmacies and 1,731 had fuel centers 6.
🩹 Weaknesses
- Kroger kept just 1.3% ✓ of FY2025 sales as operating profit, in a year with $2,497 million of fulfillment network impairment and related charges 13.
- At 31 January 2026, Kroger carried $132 million of current and $981 million of long-term liabilities for opioid lawsuit settlements, which it says are not admissions of wrongdoing 29.
- Kroger's debt was 2.7x ✓ its shareholders' equity at the end of FY2025, against a peer median of 0.3x ✓.
- Kroger believes most of the union pension plans it pays into have liabilities bigger than their assets. It expects its payments to most of them to rise over the next few years 30.
🚀 Opportunities
- Profit at Kroger Precision Marketing, its ad business, grew 24% in the quarter to 15 August 2026 31.
- Online sales grew 14% in that quarter, or 20% leaving out closed fulfillment centers, the sale of Vitacost.com and the end of Ship Marketplace 7.
- On 1 July 2026, Kroger agreed to buy Giant Eagle, a family-owned grocer with stores in five states, for about $1.65 billion 32.
- In October 2026, Kroger set a target of about 3% growth in comparable sales without fuel and pharmacy in 2029 33.
⚠️ Threats
- At the trial's start on 19 October 2026, Albertsons was seeking at least $8 billion from Kroger over their ended merger 347. Kroger says it owes nothing 347.
- Kroger warns that if shoppers let AI agents buy for them on price or speed, it could lose its direct link with customers 24.
- The Inflation Reduction Act cut Kroger's identical sales growth without fuel by 138 basis points in the quarter to 15 August 2026 7.
- Kroger warns that changes to government benefits such as SNAP could reduce what shoppers spend 30.
🏰Does Kroger have a moat?
Why 2?
Over 95% of customer transactions are tied to a Kroger loyalty card 4, and Kroger says fuel is an important part of its loyalty offering 6. But it faces many kinds of rivals and calls the competition intense 24. It also warns that AI shopping agents could cut it off from the customer relationship 24.
Why 3?
Kroger ran 2,697 supermarkets at 31 January 2026 6. At that date, its 33 food plants made about 20% of the Our Brands units sold in its supermarkets 5. It also employed more than 403,000 people, and more than two-thirds were covered by union agreements 27. Its planned merger with Albertsons was ended on 11 December 2024 28. Kroger competes with mass merchants and club stores 24.
A moat is what keeps rivals from taking a company's customers and profits. Scores are QuantVantage.ai's judgement (5 = strongest), set with the same rubric on every explainer (orange is Kroger; grey dots are peers).
🔭What should you watch next?
Finishing the share buyback
In September 2026, Kroger had roughly $800 million left on its $2 billion buyback plan and expected to use it by the end of fiscal 2026 31.
📚Learn the words
❓Frequently asked questions about Kroger
How does Kroger make money?
Kroger makes its money selling groceries, fresh food, medicines and fuel in its supermarkets. In FY2025, groceries that keep on the shelf brought in $77.6bn ✓ and fresh food $37.2bn ✓. Pharmacy added $18.2bn ✓ and fuel $13.6bn ✓.
When was Kroger founded?
Kroger dates back to 1883, when Barney Kroger opened his first grocery store in Cincinnati with $372 of his life savings 35. The company was incorporated in 1902 36.
Who is Kroger's CEO?
Greg Foran has been Kroger's CEO since 10 February 2026 3738. He led Air New Zealand from 2020 to 2025 and Walmart U.S. from 2014 to 2020 37. Ronald Sargent has been non-executive chairman since 1 July 2026 39.
What happened to Kroger's merger with Albertsons?
The merger was blocked and then ended. The Federal Trade Commission sued to block it in February 2024, and two courts blocked it on 10 December 2024 40. The deal was ended on 11 December 2024, and the two companies have since sued each other 28.
Is Kroger buying Giant Eagle?
Kroger agreed on 1 July 2026 to buy Giant Eagle, a family-owned Pennsylvania grocer, for about $1.65 billion 32. Kroger expects the deal to close in fiscal 2027 732.
Does Kroger pay a dividend?
Kroger pays a dividend and raised it by 11% in the quarter to 15 August 2026, its 20th year in a row of increases 31. It paid $0.9bn ✓ in dividends in FY2025.
🎮Play: higher or lower, then test yourself
Figures come from each company's latest annual report (10-K); fiscal years end in different months. Sources: [8] [11] [9] [12] [10].
🧠 Test yourself
5 quick questions. Score: 0 / 5
1. In what year did Barney Kroger open his first grocery store?
2. About how much of Kroger's FY2025 sales came from groceries that keep on the shelf?
3. Out of every $100 of sales in FY2025, about how much did Kroger keep as profit?
4. What share of Kroger's customer transactions are tied to a loyalty card?
5. Kroger says it was the first US grocer to do what, in 1901?
🔎Sources and method
Every figure comes from a source listed here or is calculated from those sources (marked ✓). Company financials come from the reports each company files with the SEC (10-K annual and 10-Q quarterly reports). Peer grades rank the same measures across the company and its peers. This page contains no share-price data and no valuation.
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Notes: sales by product category and footnote definitions; segment reporting (accessed 2026-11-04)
- Kroger (KR) Form 10-K for fiscal year 2025, filed 2026-03-31 — revenue by product, segment and geography (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1 eCommerce, media channels, Our Brands tiers, associate wages and tuition reimbursement (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1 personalization and retail media: households, loyalty card use, data science, Kroger Precision Marketing (accessed 2026-10-29)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1 merchandising and Our Brands: private-label sales, items per store, food production plants (accessed 2026-10-29)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1 business: supermarket, pharmacy and fuel center counts, local banners, fuel strategy (accessed 2026-10-29)
- Kroger Form 10-Q for the second quarter of fiscal 2026 (quarter ended August 15, 2026) — MD&A and notes: identical sales drivers, eCommerce and fuel sales, store openings, fuel margin, Giant Eagle, Albertsons litigation (accessed 2026-11-04)
- SEC EDGAR companyfacts: Kroger (KR) — annual 10-K facts (accessed 2026-11-04)
- SEC EDGAR companyfacts: TARGET CORP (TGT) — annual 10-K facts (accessed 2026-11-04)
- SEC EDGAR companyfacts: AMAZON COM INC (AMZN) — annual 10-K facts (accessed 2026-11-04)
- SEC EDGAR companyfacts: COSTCO WHOLESALE CORP /NEW (COST) — annual 10-K facts (accessed 2026-11-04)
- SEC EDGAR companyfacts: Walmart Inc. (WMT) — annual 10-K facts (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Note 19: fulfillment network closures, impairment and related charges (accessed 2026-11-04)
- SEC EDGAR companyfacts: Kroger (KR) — balance sheet at 2026-08-15 (accessed 2026-11-04)
- Costco Wholesale Form 10-K for fiscal year 2026 — Item 1 competition and intellectual property (trademarks, Kirkland Signature) (accessed 2026-10-29)
- Costco Wholesale Form 10-K for fiscal year 2026 — Item 1 general: start of operations, fiscal year, merchandise categories, warehouse ancillary and other businesses, gas stations, travel, digital sales (accessed 2026-10-29)
- The Kroger Co. Form 10-K for fiscal year 2025 — Item 1 business: supermarkets, pharmacies and fuel centers (accessed 2026-10-29)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1: supermarket count and Kroger Precision Marketing retail media (accessed 2026-11-04)
- Target Corporation Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1 business: owned and exclusive brands, other revenue sources, Target Circle loyalty program, distribution (accessed 2026-10-29)
- Target Corporation Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 2 properties: stores, retail square feet, supply chain facilities (accessed 2026-10-29)
- Kroger Form 10-K for fiscal 2025 (year ended January 31, 2026) — Supermarkets, pharmacies and fuel centers (accessed 2026-10-29)
- Walmart Form 10-K for fiscal year 2026 (year ended January 31, 2026) — Notes: membership and other income, disaggregated net sales by category and market, eCommerce sales, PhonePe and Flipkart ownership, VIZIO goodwill, fiscal 2027 dividend (accessed 2026-10-29)
- Walmart Form 10-K for fiscal year 2026 (year ended January 31, 2026) — Item 1 general, development and segments: headquarters, history, fiscal year, revenue, store counts, segment offerings, Sam's Club fees (accessed 2026-10-29)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1A competitive environment: types of rivals, AI shopping agents (accessed 2026-10-29)
- Amazon Form 10-K for fiscal year 2025 — Item 1A competition: grocery among the industries where Amazon has competitors (accessed 2026-11-04)
- Amazon 2025 letter to shareholders (8-K exhibit 99.1), April 2026 — Whole Foods Market stores (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1 human capital: employees and collective bargaining agreements (accessed 2026-10-29)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Notes to financial statements: Albertsons merger termination and litigation (accessed 2026-10-29)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Note 12 opioids: settlement framework and recorded settlement liability; MD&A identical sales definition (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1A risk factors: multi-employer pensions, fuel, government benefits such as SNAP/EBT (accessed 2026-11-04)
- Kroger second quarter 2026 results press release (8-K exhibit 99.1), September 11, 2026 — Second-quarter highlights, Kroger Precision Marketing profit growth, dividend, share repurchases, debt ratio, full-year 2026 guidance (accessed 2026-11-04)
- Kroger Form 8-K, July 1, 2026: agreement to acquire Giant Eagle, Inc. — Item 8.01: Giant Eagle purchase price, states served, expected closing and divestitures (accessed 2026-11-04)
- Kroger Investor Update press release (8-K exhibit 99.1), October 20, 2026 — Strategy pillars, long-term financial targets through 2029, reaffirmed 2026 guidance (accessed 2026-11-04)
- Grocery Dive: Albertsons and Kroger trial over the failed merger begins, October 19, 2026 — Trial start date, court, judge, damages sought, each side's position (accessed 2026-11-04)
- The Kroger Co.: our history — Founder, first store, first bakeries, first private-label product, banners joined through mergers (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Cover and Item 1 overview: state of incorporation, headquarters, founding and incorporation years, fiscal year convention (accessed 2026-11-04)
- Kroger Form 8-K: appointment of Gregory S. Foran as CEO (event February 4, 2026) — Item 5.02: CEO appointment date and prior roles (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Item 1 information about executive officers (Foran, Sargent) (accessed 2026-11-04)
- Kroger Form 8-K, June 25, 2026: chairman becomes non-executive — Item 5.02: Ronald Sargent continues as non-executive chairman from July 1, 2026 (accessed 2026-11-04)
- Kroger Form 10-K for fiscal year 2025 (year ended January 31, 2026) — Note 18: termination of the merger with Albertsons Companies, Inc. (FTC suit, injunctions) (accessed 2026-11-04)
- SEC EDGAR companyfacts: Kroger (KR) — quarterly 10-Q/10-K facts (accessed 2026-11-04)