• Kroger average return on tangible equity for 2024 was 30.79, a 6.75% increase from 2023.
• Kroger average return on tangible equity for 2023 was 33.02, a 16.64% decline from 2022.
• Kroger average return on tangible equity for 2022 was 39.61, a 39.32% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.