The Kroger Co. reported a total revenue of $147.1 billion for the fiscal year ending February 1, 2025, a slight decrease of 0.1% compared to $150.0 billion in the previous year. The company's net earnings attributable to Kroger increased by 23.2% to $2.7 billion, or $3.67 per diluted share, up from $2.2 billion, or $2.96 per diluted share, in the prior year. Adjusted net earnings, excluding certain items, were $4.47 per diluted share, reflecting a 2.0% decrease from the previous year's adjusted figure of $4.56 per share.
Kroger's operational performance showed mixed results, with identical sales excluding fuel increasing by 1.5% in 2024, driven by growth in health and wellness and digital sales, which surpassed $13 billion. Digital sales grew by 18%, bolstered by the expansion of Kroger's delivery network. The company also reported a significant increase in alternative profit streams, contributing $1.35 billion to operating profit, primarily from a 17% rise in third-party media revenue.
Strategically, Kroger completed the sale of its Kroger Specialty Pharmacy business to Elevance Health for $464 million, which was finalized on October 4, 2024. This divestiture is expected to enhance Kroger's gross margin and operational efficiency. Additionally, the company terminated its merger agreement with Albertsons on December 11, 2024, following regulatory challenges, and subsequently initiated a $7.5 billion share repurchase program, which included an accelerated share repurchase agreement for $5 billion.
As of February 1, 2025, Kroger operated 2,731 supermarkets across 35 states and the District of Columbia, with a workforce of over 409,000 employees. The company continues to focus on enhancing customer loyalty through its strategic pillars of Fresh, Our Brands, Personalization, and Seamless. Looking ahead, Kroger anticipates continued growth in digital sales and plans to invest in major store projects to drive traffic and increase volumes, aiming for a total shareholder return of 8% to 11% over time.
About KROGER CO
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