Kroger (KR) has drawn attention recently for its notable stock market performance, even during times of overall market dips. A testament to its robustness, the company's intrinsic value is potentially 91% above its share price, making it a top growth stock for long-term investors.
Earnings season is expected to be profitable for Kroger with rosy expectations for their financial performance. Despite these positive factors, some critical aspects cannot be overlooked. Kroger drivers at a Michigan fulfillment center have voted to unionize, and higher-ranking officials, such as Senior Vice President Valerie Jabbar, have sold a large number of shares. A significant dip in the company's Q4 identical sales (Y/Y) has also been reported. Important to note is the ongoing concerns around the $25 billion merger deal between Kroger and
Albertsons. Regulatory bodies have expressed apprehension about this merger, and its approval hangs in balance. However, Kroger has proven resilience as they continue to focus on store growth and local products thereby boosting their
share value. The
CFO's resignation and the sale of its specialty pharmacy business to Elevance Health's CarelonRx indicate significant changes within the company's structure and strategy.
The Kroger KR News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Thu, 23 May 2024 17:00:00 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
