Is It Time to Buy Kroger After the Dip?
Kroger (NYSE: KR) stock has trounced the market over the past year, putting it ahead of retailing peers like Walmart and Target. That outperformance has been supported by good news on the operating front as sales and earnings growth remained strong through the first half of 2022.
Yet the stock fell in the wake of Kroger's latest earnings update, which arrived during an unusually bad week for the broader market. Let's look at a few reasons why investors might want to take that slump as an opportunity to own shares of a stable business with a brightening sales and earnings outlook.
Revenue rose 4% in the selling period that ended in late May, the company said on June 16. That boost reflected continued market-share gains in key parts of the grocery retailing niche. Rivals Walmart and Target, in contrast, each announced a 3% comparable-store sales increase in their latest reports .
Source Fool.com
