AllAnalyst Report
logoMorningstarSeptember 11, 2020

The Kroger Co.: Pandemic Leads to Continued Exceptional Sales and Profitability at Kroger, but Shares Trade Fairly

Symbols
KR
Sector(s)
Consumer Defensive
Rating
Premium
Current Price
$33.33
Fair Value
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Economic Moat
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Stewardship
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Summary

Kroger is the leading American grocer, with 2,757 supermarkets operating under several banners throughout the country as of the end of fiscal 2019. Around 82% of stores have pharmacies, while over half also sell fuel. The company also operated more than 300 fine jewelry stores at the end of fiscal 2019. Kroger features a leading private-label offering and manufactures around a third of its own-brand units (and 42% of its grocery own-label assortment) itself, in 35 food production plants nationwide. Kroger is a top-two grocer in 90% of its major markets (as of late 2019, according to Planet Retail and Edge Retail Insight data cited by the company). Virtually all of Kroger's sales come from the United States.

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