Seeking Alpha

Things are getting interesting at Kroger

  • JPMorgan upgrades Kroger (KR) to an Overweight rating from Neutral.
  • The investment firm says valuation on Kroger is justified by its growth track after the grocery store operator has shown an edge over peers in driving comp sales through innovation.
  • M&A watch: There has been some chatter in the grocery store sector that Kroger could make a run at buying Safeway.
Comments (9)
  • Ted Bear
    , contributor
    Comments (597) | Send Message
     
    Innovation? This guy obviously hasn't been in a Kroger store in my neighborhood. They are filthy, antiquated dumps.

     

    Progressive grocers? Step inside a Wegmans!
    26 Feb, 07:23 AM Reply Like
  • ConcernedCitizen
    , contributor
    Comments (2) | Send Message
     
    Sorry, but I don't believe you. Kroger and Wegmans do not share market areas, so there's no chance you have extensive enough experience in either to make any comparison. It sounds more like you just have a personal preference and are badmouthing a competitor simply because they are a competitor.
    28 Feb, 11:06 AM Reply Like
  • concerned emp
    , contributor
    Comments (2) | Send Message
     
    I work for Kroger. They keep having rah rah meetings to increase customer interaction. That's ok but they are excessively long and take away from people actually having the time to keep the store clean or greet people. They need to put more boots on the ground if they want to make people want to shop there. Even Walmarts are kept cleaner than Krogers. Also, the bakery goods and deli food quality are far insuperior to HEB's. They need to quit cutting corners and have real service and quality food.
    13 Mar, 11:00 AM Reply Like
  • David RG
    , contributor
    Comments (1097) | Send Message
     
    Product/service innovation - think Simple Truth as an example. Or their checkout lane program that speeds up time in line.

     

    Don't mix up your personal shopping preference with investment analysis.
    26 Feb, 07:47 AM Reply Like
  • fuzzymc
    , contributor
    Comments (107) | Send Message
     
    Looked at KR in the low 30's ran into the 40's been waiting for pullback, maybe when they report earnings!
    26 Feb, 08:02 AM Reply Like
  • ConcernedCitizen
    , contributor
    Comments (2) | Send Message
     
    You must not have paid attention the last few weeks, or last 5 years. Kroger was nearly at 30 years ago, but got pulled down to the low 20's due to industry issues. Despite those issues, Kroger has prevailed incredibly! The fact that they are still having great sales, buying a large chain, and are rumored to be making new acquisitions just proves they were priced right back then, and are priced right now.
    28 Feb, 11:06 AM Reply Like
  • mikey2006
    , contributor
    Comments (75) | Send Message
     
    They pulled back from 43 to 35. I think you missed the pull back.
    26 Feb, 09:48 AM Reply Like
  • djkidm
    , contributor
    Comments (378) | Send Message
     
    Safeway acquisition seems unlikely. Buy the rumor, sell the news: then maybe you'll get another pullback.
    26 Feb, 03:18 PM Reply Like
  • concerned emp
    , contributor
    Comments (2) | Send Message
     
    I work for Kroger. Ted Bear is right. Many stores are dirty. Especially the parking lots. They keep having excessively long rah rah meetings about how great we are that accomplish little and keep people from actually being able to perform their jobs. They need to get boots on the ground in the stores if they want to improve things. The bakery goods and deli foods are far insuperior to HEB. Increased quality would go a long way.
    13 Mar, 11:00 AM Reply Like
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