The Kroger Company (KR), based in Cincinnati, Ohio, is one of the world's largest food retailers. With a market cap of $37.8 billion, it operates various formats, including supermarkets, price-impact warehouse stores, multi-department stores, convenience stores, fine jewelry stores, and supermarket fuel centers.
Shares of the supermarket chain have lagged behind the broader market in the last year. While KR has surged 10.6% over this time frame, the broader S&P 500 Index ($SPX) has rallied by 26.2%. However, in 2024, the stock rose 14.4%, outpacing SPX’s 11.2% return on a YTD basis.
