Grocery Stores Industry: Statistics, Forecasts, and Company Data

Grocery Stores - Market Size and Industry Forecast

The 2023 Grocery Stores Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the grocery stores industry.

	Historical					Forecasted
	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data.



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Grocery Stores - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Grocery Stores companies in the United States.

Distribution by Company Size

Company Size	All Industries	Grocery Stores
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Grocery Stores - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Grocery Stores - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Grocery Stores - Product Mix

Product Description	Description	Revenue ($ Millions)
Industry total
Groceries & other foods for human consumption off the premises
All other foods
Meat, fish, seafood & poultry, including prepack meats req refrigeration
Produce, including fresh & prepackaged fruits & vegetables
Drugs, health aids, beauty aids, including cosmetics
Dairy products & related foods, including milk, cheese, butter
Prescriptions
Frozen foods, including packaged foods sold in a frozen state
Packaged liquor, wine, & beer

Grocery Stores - Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	2%
Chief Executives	0%
General and Operations Managers	1%
Food Preparation and Serving Related Occupations	13%
Cooks and Food Preparation Workers	7%
Food Preparation Workers	6%
Food Preparation Workers	6%
Sales and Related Occupations	44%
Supervisors of Sales Workers	6%
First-Line Supervisors of Sales Workers	6%
First-Line Supervisors of Retail Sales Workers	6%
Retail Sales Workers	38%
Cashiers	32%
Cashiers	32%
Retail Salespersons	5%
Retail Salespersons	5%
Office and Administrative Support Occupations	25%
Material Recording, Scheduling, Dispatching, and Distributing Workers	18%
Stock Clerks and Order Fillers	18%
Stock Clerks and Order Fillers	18%
Production Occupations	7%
Food Processing Workers	6%
Transportation and Material Moving Occupations	6%
Material Moving Workers	5%
Laborers and Material Movers, Hand	5%

Government Contracts

In the past, the federal government spent an annual total of $1,137,854 on the grocery stores industry. It has awarded 188 contracts to 38 companies, with an average value of $29,944 per company.

Grocery Stores and Adjacent Industries - Top Companies

Company	Address	Revenue ($ Millions)