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18 - Kroger

Employees ring customers up at registers inside a Kroger Co. grocery store in Birmingham, Michigan, U.S., on Tuesday, March 1, 2016. Kroger Co. is scheduled to release earnings figures on March 3. Photographer: Sean Proctor/Bloomberg via Getty Images Sean Proctor — Bloomberg via Getty Images

Most of the supermarket industry has fallen prey to Walmart’s drive into grocery over the last decade. Not Kroger. The Midwestern supermarket giant had a knockout 2015 with an 18% jump in profits. The following year wasn’t so kind. A deflationary environment read: aggressive industry promotions that reduce earnings weighed down the entire category in 2016. Still, the U.S.’s second-largest food retailer has a robust strategy. It will need it as it fights shaky consumer confidence and low commodity costs. Kroger was founded in 1883 and is headquartered in Cincinnati, Ohio.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$115337
Revenue Percent Change5.0%
Profits ($M)$1,975.0
Profits Percent Change-3.1%
Assets ($M)$36505
Market Value — as of March 31, 2017 ($M)$26,961
Employees443,000
Previous Rank17

Company Facts

Employees443,000
SectorFood & Drug Stores
IndustryFood and Drug Stores
HQ LocationCincinnati, OH
CEOW. Rodney McMullen
CEO Title-
Websitewww.thekrogerco.com
Years on Fortune 500 List23

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