Over the past five years, shares of (NYSE: KR) have climbed a superb 100%, handily beating the 52% gain of the S 500. Perhaps more relevant for investors looking at safer places to park their capital in an uncertain economic time, the stock is up 11% on the year (as of May 23). After all, people still have to continue buying groceries even when inflation is high and budgets are stretched.
Is Kroger a stock that investors should have in their portfolios right now? Or is it time to sell? Let's try to find the answer by looking closer at this grocery retail stock.
During its fiscal 2022 fourth quarter (ended Jan. 28), Kroger's revenue increased 5% to $34.8 billion, exceeding Wall Street analyst forecasts. A standout data point was the growth of digital sales, up 12% compared to the year-ago period. Kroger is also working on boosting its delivery capabilities with a new distribution center in the Denver area, further expanding its reach.
Source Fool.com