The Kroger Company is an American retailer founded in 1883 in Cincinnati, Ohio by Bernard Kroger. It is the largest supermarket in the United States by sales and the second-biggest retail store. It operates marketplaces in 35 states and the District of Columbia.
Kroger was the first grocery company to monitor quality control and test items sold to consumers in the 1930s. On May 1, 2015, Kroger agreed to acquire the seven-store Hiller’s Market chain in Southeast Michigan. These locations have been be operated under the Kroger label. Kroger purchased Scott’s Food & Pharmacy from SuperValu Inc. in 2007. The retailer also purchased 20 former Michigan Farmer Jack sites from A&P.
Kroger announced the $2.5 billion acquisition of 12 Harris Teeter locations, as well as the absorption of $100 million of the company’s existing debt in 2013. Harris Teeter has locations in eight Southern states, with the bulk of them in North Carolina. Kroger then pulled the Harris Teeter brand from the competitive Nashville, Tennessee market in June 2015. This is where its development has been stifled by fierce competition since its entry with six locations.
Kroger Marketplace is a big-box retailer chain. The brand first appeared in the Columbus, Ohio, area in 2004. In 2005, the firm began revamping numerous Kroger Food & Drug shops in Ohio to give them a larger and more modern appearance. On October 9, 2009, the very first Kroger Marketplace store in Texas launched within the Waterside Marketplace in Richmond, Texas.
If you’d invested $1,000 in Kroger Company on June 4, 2011, today the investment would be worth $3,916.93 with an annual rate of return of $14.61. Your total profit from this investment would have been $2,916.93. The retailer has been expanding its digital and delivery offerings. This includes online grocery, curbside pickup, and other digital and delivery alternatives. Kroger anticipates earnings of $2.75 to $2.95 per share in 2021.
Where to Invest $1,000 Today
Kroger could be an excellent investment opportunity in the future if their earnings start to rise sometime soon. If you are interested in investing in a stock for the first time, then you should consider contacting a financial advisor if guidance is needed.