2023-05-26 06:40:00 ET
Over the past five years, shares of Kroger (NYSE: KR) have climbed a superb 100%, handily beating the 52% gain of the S&P 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.
For further details see:
Kroger: Buy, Sell, or Hold?