Kroger Co., headquartered in Cincinnati, Ohio, operates 2,722 supermarkets and employs 414,000 staff across the U.S., providing omnichannel shopping, delivery solutions, and food processing. The company also offers personalized online ordering and customer-facing apps.
KR has been in the news recently: Bank of America Securities reported strong back-to-school spending in August, particularly in apparel, which may benefit retailers like Kroger. In an effort to attract budget-conscious shoppers, Kroger has reduced prices on over 3,500 products this year despite bearish sentiments from high-rolling investors.
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