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PERFORMANCE GRAPH

Set forth below is a line graph comparing the five-year cumulative total shareholder return on our common shares, based on price of the common shares and assuming reinvestment of dividends, with the cumulative total return of companies in the Standard & Poor’s 500 Stock Index and a peer group composed of food and drug companies.

COMPARISON OF CUMULATIVE FIVE-YEAR TOTAL RETURN* Among The Co., the S&P 500, and Peer Group** 400

300

200

100

0 2011 2012 2013 2014 2015 2016

The Kroger Co. S&P 500 Index Peer Group

Base INDEXED RETURNS Period Years Ending: Company Name/Index 2011 2012 2013 2014 2015 2016 The Kroger Co. 100 117.21 154.38 299.59 340.41 296.50 S&P 500 Index 100 117.60 141.48 161.61 160.53 194.03 Peer Group 100 120.77 137.32 171.73 160.23 157.59 Kroger’s fiscal year ends on the Saturday closest to January 31.

*Total assumes $100 invested on January 29, 2012, in The Kroger Co., S&P 500 Index, and the Peer Group, with reinvestment of dividends.

**The Peer Group consists of Wholesale Corp., CVS Caremark Corp, Etablissements Delhaize Freres Et Cie Le Lion (“Groupe Delhaize”, which is included through July 22, 2016 when it merged with Koninklijke ), Great Atlantic & Pacific Tea Company, Inc. (included through March 13, 2012 when it became private after emerging from bankruptcy), Koninklijke NV (changed name from Koninklijke Ahold after merger with Groupe Delhaize), Safeway, Inc. (included through January 29, 2015 when it was acquired by AB Acquisition LLC), Supervalu Inc., Target Corp., Plc (included through November 27, 2013 when it sold its U.S. business), Wal-Mart Stores Inc., Boots Alliance Inc. (formerly, Walgreen Co.), Inc. and Winn-Dixie Stores, Inc. (included through March 9, 2012 when it became a wholly-owned subsidiary of Bi-Lo Holdings).

Data supplied by Standard & Poor’s.

The Kroger Co. Page 68