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Oct. 25, 2021, 6:24 a.m. EDT

Kroger says Home Chef meal kit and ready-to-eat business has passed $1 billion in annual sales

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By Ciara Linnane

Grocery retailer The Kroger Co. /zigman2/quotes/206215053/composite KR -2.73% said Monday that Home Chef, which includes ready-to-cook and ready-to-heat meals, has passed $1 billion in annual sales. The company, which was founded in 2013 by Pat Vihtelic, merged with Kroger in 2018. "Whether it's meal kits, or heat-and-eat and ready-to-cook solutions -- which are available via subscription, in-store, pickup, or delivery -- it's safe to say that Home Chef has mealtime covered," Dan De La Rosa, Kroger's group vice president of fresh merchandising said in a statement. Home Chef currently offers more than 500 products including meal kits, heat-and-eat meals, ready-to-eat products and seasonal meals. Kroger shares were slightly higher premarket and have gained 27% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.84% has gained 21%.

/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 43.43
-1.22 -2.73%
Volume: 12.40M
Dec. 3, 2021 4:00p
P/E Ratio
32.57
Dividend Yield
1.93%
Market Cap
$32.30 billion
Rev. per Employee
$284,942
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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