Costco Surpasses Kroger To Become Second Largest American-based Food Retailer, new locations, revenue assets sales
- Category: Investing
- Last Updated on Saturday, 13 July 2013 22:53
Both Costco and Kroger performed well in 2012 but one did slightly better.
For 2012 Costo reported merchandise sales of $97.052 billion (+11.5%) in addition to $2.075 billion in revenue from membership fees (+11.1%). Costco did benefit from fee inceases on new members (November 2011) and renewers (January 2012) in the US and Canada (22 million members total). Company profit was up 16.9% to $1.709 billion or $3.94 eps, enabling it to raise dividends past one dollar per share for the year ($1.03 +14 cents). Costco also benefited from e-commerce sales which were up 90% on the year. Sales average per warehouse up $8m to $154 million and there were 16 new warehouses (now at 608 worldwide). About 10% of revenue comes from gas sales. Also adding to revenue: In July 2012 Costco acquired 50% of Costco Mexico.
Kroger finished the year ended February 2, 2013 with revenues of $96.751 billion ($94.8 billion when adjusting for the extra week) up 7.1% and 4.9% versus the previous year. If fuel is excluded sales up 6% and 4%. Capex ($1.9b -> $2.0b). Company profit was up an astounding 148.4% to $1.4965 billion, this represents 1.55% of company revenue compared to 0.67% in 2011 (it's 1.6% at Sysco). eps +16% to $2.77 per share.
Domestically, Walmart remains ahead of both with food sales nearing $140 billion in the US alone (50-55% of Walmart USA's $275.490 billion 2012 revenue).
- total assets kroger +4.3% -> $24.0633 billion costco +2.5% -> $27.140 billion
- cash equivalents kroger +26.9% -> $237.9 m costco -12.0% -> $3,528 m
- new grocery stores (end fiscal 2012) kroger: +9 -> 2,424 costco: +16 -> 608