Kroger Company (KR)
Operating profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,096,000 | 4,126,000 | 3,477,000 | 2,780,000 | 2,251,000 |
| Revenue | US$ in thousands | 149,598,000 | 147,723,000 | 137,317,000 | 131,954,000 | 121,683,000 |
| Operating profit margin | 2.07% | 2.79% | 2.53% | 2.11% | 1.85% |
February 3, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,096,000K ÷ $149,598,000K
= 2.07%
The operating profit margin of Kroger Company has exhibited fluctuations over the past five years. In the most recent fiscal year ending February 3, 2024, the operating profit margin was 2.07%, reflecting a decrease from the prior year's figure of 2.79%. This decline suggests a decrease in the company's ability to generate profits from its core operations compared to the previous year.
Looking at the trend over the five-year period, it is observed that the operating profit margin reached its highest level in January 28, 2023, at 2.79%, and its lowest level in February 1, 2020, at 1.85%. Despite fluctuations, the operating profit margin has generally remained in the range of 1.85% to 2.79% over the period under review.
The variations in the operating profit margin of Kroger Company could be attributed to factors such as changes in operating expenses, pricing strategies, revenue growth, cost management, and overall economic conditions affecting the retail industry. Further analysis of these factors would provide valuable insights into the company's profitability dynamics.
Peer comparison
Feb 3, 2024