Kroger NNN Properties for Sale
Are you looking to buy or sell a Kroger Ground Lease Property, or NNN Lease Kroger Property for passive investment? If you would like to buy or sell Net Lease Kroger Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
_logo.svg){kind=logo} Logo since 2021 | |
| Type | Public |
|---|---|
| ISIN | US5010441013 |
| Industry | Retail |
| Founded | 1883 Cincinnati, Ohio, U.S. |
| Founder | Bernard Kroger |
| Headquarters | Cincinnati, Ohio , U.S. |
Number of locations | 2,849, including 2,720 supermarkets and 129 jewelers (Q3 2022)[1] |
Area served | United States |
Key people | Rodney McMullen (CEO & Chairman)[2] |
| Products | Supercenter/superstore, Other specialty, supermarket |
| Revenue |  US$137.888 billion (2022)[3] |
| US$3.477 billion (2022)[3] | |
| US$1.655 billion (2022)[3] | |
| Total assets | US$49.086 billion (2022)[3] |
| Total equity | US$9.452 billion (2022)[3] |
Number of employees | 465,000 (2022)[4] |
| Divisions | Inter-American Products various chains |
| Website | www www |
The Kroger Company, or simply Kroger, is a US based retailing company incorporated in 1883 by Bernard Kroger. It is America’s largest supermarket chain. Its headquarters is located in downtown Cincinnati, Ohio, United States. Rodney McMullen is functioning as the CEO and Chairman of the company. It works in the sectors of Convenience stores, Superstores and Supermarkets. By the end 2015, Krogers operated 2778 supermarkets and multi-department stores either directly or through its subsidiaries. As reported in 2016, 431,000 employees worked for the firm, in which 75% were represented by the Union Food and Commercial Workers (UFCW) union. The company also operates 37 food processing facilities, 1,360 supermarket fuel centers, 326 jewelry stores and 2,122 pharmacies. Krogers branded grocery stores can be found in Midwestern and Southern parts of the US.
Current Market Value
The company was ranked at the 223rd position in the Forbes Global 2000 list. It was numbered 42, 306, 703 and 298 ranks in the sales, profits, assets and market value department respectively. It has featured in the Fortune 500 list for the past 22 years, starting from 1994, when it secured the 25th rank. In 2016 it has held the seventeenth position on the list.
Apart from being the largest supermarket chain in the US, Krogers is also the third largest retailer in the world. It is the twenty third largest company in the US and second-largest general retailer behind Walmart. As per 2015 reports the company earned a revenue of US$ 109.83 billion. The operating income was US$ 3.576 billion, the Net Income US$ 2.049 billion, with total assets of value US$ 33.987 billion and total equity of US$ 6.811 billion in the same year. The company has witnessed a historical EPS growth rate of 19.2%.
History
The founder of this company, Bernard Barney Kroger is a son of a merchant. He had a simple policy according to which he only sold things that he would himself happily purchase. Quality was his top most concern. In the 1930s Krogers became the first company to test the food offered to customers and also monitored their product quality.
In the year 1955 it purchased three supermarket chains within a short span of three months. Krogers acquired the 56-store chain Market Basket in October, 1963. Between 1960 to 1988, it opened stores across Florida under the names ‘SupeRx’ and ‘Florida Choice’. But later it sold all its stores in Florida to various companies among which Kash n Karry purchased the majority of shares.
In the 1970s, Krogers became the first grocer to formalize consumer research by testing an electric scanner. In 1972, Kroger built an ultra modern dairy plant, which was known as Crossroad Farms Dairy in Indianapolis. It was then considered as the largest dairy plant in the world.
The company has made several landmarks in its line of business since its incorporation. It has a magnificent growth record, which is rising high by every passing decade starting from the 1930s till the 2010s.
The Krogers definitely deserves to be your top choice if you are looking to invest. In the extremely volatile and risky space of stocks, the company is performing steadily well. It has a very favorable growth score and also it ranked as one of the best buys in the current situation. The company is looking to grow at a rate of 12.1%, which far much ahead of the EPS projected 6.9% growth rate. Cash is the lifeblood of growth oriented companies like Krogers. The current cash flow growth rate of Krogers is a highly impressive 16.1%. This is far ahead of its contemporaries and the average set by the industry.