Core Viewpoint - The Kroger Co. (KR) is identified as a strong value investment opportunity, currently holding a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is likely undervalued compared to its peers [2][4]. Valuation Metrics - KR has a P/E ratio of 12.72, significantly lower than the industry average of 23.74, suggesting it is undervalued [2]. - The Forward P/E for KR has fluctuated between 9.49 and 12.75 over the past year, with a median of 10.46 [2]. - The PEG ratio for KR stands at 2.63, compared to the industry average of 3.73, indicating a favorable valuation relative to expected earnings growth [2]. - KR's PEG has ranged from 1.65 to 2.89 in the last 12 months, with a median of 2.08 [2]. - The P/B ratio for KR is 3.52, which is lower than the industry average of 5.58, further supporting the notion of undervaluation [3]. - KR's P/B has varied between 2.73 and 3.57 over the past year, with a median of 3.06 [3]. - The P/CF ratio for KR is 6.97, well below the industry average of 17.53, indicating strong cash flow relative to its market value [3]. - KR's P/CF has been between 5.09 and 6.97 in the last 12 months, with a median of 5.77 [3]. Investment Outlook - The combination of these valuation metrics suggests that The Kroger Co. is likely undervalued at present, making it an attractive value stock based on its earnings outlook [4].

Specialty pharmacy serves patients with chronic illnesses who require complex care CINCINNATI, March 18, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) announced that it has entered into a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health. "Kroger Specialty Pharmacy has been part of our company since 2012, and we want to thank our management team and associates for their enduring commitment to their patients," said Colleen Lindholz, President ...

"Whether you're planning a road trip to visit family and friends, gearing up for relaxation on the beach or seeking thrills at your favorite theme park, we look forward to connecting more customers to Kroger Delivery," said Rebekah Manis, Senior Director, Kroger Delivery Fulfillment Centers. "Our service enables us to meet our customers' needs during special moments like family vacations, providing exceptional friendly service from our best-in-class uniformed drivers, and a personalized shopping experience ...

Affordable and easy-to-prepare seafood products for delicious, chef-curated meals at home CINCINNATI, March 14, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today debuted several new Our Brands seafood products, making seafood at home more accessible and easier than ever with fresh meal solutions prepared in the oven, microwave and air fryer. "Seafood at home has never been so quick, easy and delicious," said Juan De Paoli, vice president, Our Brands for Kroger. "Simplifying weeknight meals, elevating a f ...

Players in the Zacks Retail – Supermarkets industry have been benefiting from their ongoing initiatives to enhance both physical store and online operations. Seamless delivery and payment options, as well as strong omnichannel capabilities, have proven to be effective for these players.A dynamic operational landscape due to inflation and other economic conditions, along with elevated costs, poses concerns. That said, sustained demand for essentials and strong revenue-driving efforts keep supermarket giants ...

Key PointsKroger shares surged after a solid report affirming its value for shareholders.The stock is cheap and pays a solid dividend that is expected to grow. The merger with Albertsons may not happen, but it may not matter; Kroger is in its best shape in years and ready to deliver to shareholders. 5 stocks we like better than KrogerKroger’s NYSE: KR stock surged following the Q4 results and guidance, not because of any mind-blowing growth but because this high-quality cash-producing machine proved its wor ...

Retailer honored for commitment to creating inclusive workplace by Mogul CINCINNATI, March 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR), today announced it has been recognized as a Best Workplace for Diverse Professionals by Mogul, a diversity-focused HR tech and recruitment firm. Kroger ranked in the top three among the list of 100 honorees.   "We appreciate Mogul for recognizing Kroger's commitment to creating a welcoming workplace for all associates, from all walks of life," said Tim Massa, senior ...

Value investors in particular may be eying Kroger (KR)  and United Natural Foods (UNFI)  stock with both beating their quarterly earnings expectations this week. The grocery chain giant and leading organic food distributor have been on two different spectrums in terms of their price performance but remain attractive regarding promising business operations and reasonable valuations.To that point, Kroger’s stock is at 52-week highs at around $55 a share while United Natural Foods is sitting on lows of $11 a s ...

Shares of Kroger (KR 9.88%) popped 9.9% on Thursday after the grocery store chain announced strong fourth-quarter 2023 results and better-than-expected forward guidance.Kroger ended the year on a high noteFor its fourth quarter of 2023, Kroger's total company sales grew 6.4% year over year to $37.06 billion, including around $2.7 billion from an extra week in the quarter relative to the same year-ago period. Identical sales without fuel declined by 0.8%. On the bottom line, that translated to net earnings o ...

The Kroger Co. (NYSE:KR) Q4 2023 Results Conference Call March 7, 2024 10:00 AM ET Company Participants Rob Quast - Senior Director, Investor Relations Rodney McMullen - Chairman & Chief Executive Officer Todd Foley - Interim Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Leah Jordan - Goldman Sachs Michael Lasser - UBS Krisztina Katai - Deutsche Bank John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Edward Kelly - Wells Fargo Rupesh Parikh - Oppenheim ...