The Kroger Co
KR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$63.00 | Ftdmd | Nnwshhbm |
Kroger’s 2023 GAAP Profitability Outlook Leads Our Estimates, After Outsize 2022 LIFO Charge
We plan to raise our $52 fair value estimate for narrow-moat Kroger by a mid-single-digit percentage after its fiscal 2022 results. We view shares as attractive, even after a similar rise following the results.