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Buy Kroger Ahead Of Second Quarter Earnings Print

Sep. 05, 2022 6:30 AM ETThe Kroger Co. (KR)2 Comments


  • Grocery stores, like Kroger, have been a resilient business even in the face of inflation.
  • Kroger continues to report strong identical sales growth even as it laps tough pandemic comparables.
  • Leverage stands at just 1.68x debt to EBITDA - far below the target 2.3x to 2.5x range. I expect aggressive share repurchases in the future.
  • KR stock trades at only 12.2x forward earnings - a conservative multiple to pay as one awaits multiple expansion.
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Kroger Delivery van. Kroger is one of the largest grocery store chains in the United States.


Kroger (NYSE:KR) is set to report earnings on Friday September 9th before the market opens. While grocery store stocks historically have performed fine in times of inflation due to their ability to pass on costs to customers, KR stock has nonetheless

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This article was written by

Julian Lin profile picture

Julian Lin is a financial analyst. He finds undervalued companies with secular growth that appreciate over time. His approach is to look for companies with strong balance sheets and management teams in sectors with long growth runways.

Julian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdles to add an additional layer to the conventional margin of safety. Features include: exclusive access to Julian's highest conviction picks, full stock research reports, real-time trade alerts, macro market analysis, individual industry reports, a filtered watchlist, and community chat with access to Julian 24/7. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of KR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long all positions in the Best of Breed portfolio.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (2)

WD216 profile picture
Thanks for the clear and concise analysis on KR.
Julian Lin profile picture
@WD216 Thanks for stopping by!
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