COVID Stimulus Watch Individual Entry

Recipient Company:

KROGER CO

Loan or Loan Guarantee Amount:

$4,233,227

Recipient Details

Ownership Structure: publicly traded (ticker symbol KR)

Award Date: Jul 10, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Kroger

Headquartered in: Ohio

Parent Sector: retailing

Parent Industry: retail-supermarkets

Employees (prior to pandemic): 435,000

Employment-related Penalties: $1,112,298

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $2,838,368

Consumer Protection / Financial / Competition-related Penalties: $100,190

Ratio of CEO Pay to that of Median Worker: 789 to 1

CEO Compensation: $21,129,648

Worker Median Pay: $26,790

Total Federal, State, and Local Subsidies: $39,252,862

Federal Corporate Income Tax Rate: 20.0%