Telsey Advisory Maintains a Buy Rating on The Kroger Co. (KR)

The Kroger Co. (NYSE:KR) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. Telsey Advisory analyst Jason Strominger maintained a Buy rating on The Kroger Co. (NYSE:KR) on June 13 and set a price target of $73.00. The rating was announced before the company releases its fiscal Q1 2025 financial and operational results on June 20.

The company’s fiscal Q4 2024 results also show positive operations, with identical sales (excluding fuel) for the quarter rising by 2.4%. It achieved an 11% digital sales growth, excluding the 53rd week in 2023.

The Kroger Co. (NYSE:KR) also delivered a 1.5% growth in identical sales, excluding fuel, for the full fiscal year 2024 and commenced a $5.0 billion Accelerated Share Repurchase Program set to be completed under its $7.5 billion share repurchase authorization. The company’s full-year 2025 guidance indicates identical sales in the 2% to 3% range, excluding fuel.

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