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Kroger is doing its best to keep up with the technology disruption in the grocery industry. This should help keep it defensible as other competitors also increase tech-friendly approaches to grocery stores. Throw in increasingly faster delivery options, meal-prep startups and a slew of other options, and KR stock is being left by the wayside.
Kroger stock may trade at 11 times earnings and yield 2. While some gravitate toward low-valuation stocks, I only use as one part of the catalyst.
In fact, many other better performers trade at a higher valuation. None of these stocks except for Kroger are negative year to date, while Kroger is also last on the six-month, three-year and five-year timeframes. Click to Enlarge.
Kroger has perhaps been one of the biggest warning signs in this whole debacle. After a late surge, KR has been nothing but trouble. At some point, the stock is bound to rally. And unlike the low-valuation automakers, consumers need to buy food every week to stay alive. The week moving average is rolling over and acting as resistance, while Kroger clings to the backside of prior downtrend resistance.
Compare Brokers. Buffett is betting big on his favorite company. Kroger is trying to turbocharge its online grocery business and catch up to competitors. Customers' changing habits during the pandemic have added new urgency to that effort.
Many Americans have looked for safer and faster ways to fill up their fridges during the coronavirus pandemic. They shopped online and in some cases, were willing to wait many days for curbside pickup and delivery slots. They began cooking more meals at home because of stay-at-home orders, closed restaurants and heightened health concerns. That's given Kroger a boost.
Same-store sales growth in the fiscal second quarter so far have been in the mid-teens. Digital sales were up triple digits in the first three weeks of the second quarter. Pickup and delivery of online orders have attracted new customers and inspired repeat visits, he said. Investors and analysts will now watch to see if the grocer can turn that bounce into sustained momentum, and whether it can make those online sales more profitable.
Kroger has grown into the nation's largest supermarket chain since it began in Cincinnati in It owns nearly 2, stores across 35 states and Washington, D.
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