KR

Kroger Co.

Consumer


Presented:01/16/2024
Price:$46.41
Cap:$33.39B
Current Price:$56.14
Cap:$40.62B

Presented

Date01/16/2024
Price$46.41
Market Cap$33.39B
Ent Value$49.79B
P/E Ratio18.06x
Book Value$15.57
Div Yield2.37%
Shares O/S719.42M
Ave Daily Vol4,630,728
Short Int3.15%

Current

Price$56.14
Market Cap$40.62B
The Kroger Co. engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out?, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.

Publicly traded companies mentioned herein: Kroger Co (KR), Albertsons Companies Inc (ACI)

Highlights

The presenter is long Kroger Co (KR) based on his due diligence that the company could win with or without the ACI merger as food at home disinflation bottoms in March 2024 and they lap the repeal of emergency SNAP benefits. At the current price, Kroger is trading at its lowest multiple in over 10 years, including the last battle with deflation when Amazon bought Whole Foods in 2017.

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Idea Discussion

Commentor 1 - 2 weeks ago

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