The Kroger Co

KR: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$91.00BywfqZptwkktfk

Kroger Earnings: Soft Food Inflation Prompts Weak Top-Line Gains but Margins Prove Resilient

We don't plan on materially changing our $55 fair value estimate for no-moat Kroger as the firm's fiscal 2024 second-quarter results landed mostly in line with our expectations. Shares popped by a mid-single-digit percentage following the release and currently trade in a range that we consider fairly valued.

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