The Kroger Company
) better-than-expected fourth-quarter fiscal 2012 results on the
back of its customer-centric business model that facilitated it
to record a new 52-week high for the 2
After attaining a high of $31.41 on Mar 13, shares of this
grocery retailer further soared to touch a new high of $32.10
Shares eventually closed at $31.87, recording a healthy
year-to-date return of roughly 21.5%. The company currently
trades at a forward P/E of 11.61x, a 3% discount to the peer
group average of 11.97x.
Alongside, companies like
Gannett Co., Inc
) crafted new 52-week highs on Wednesday.
Kroger's dominant position among the nation's largest grocery
retailers enables it to sustain growth in top and bottom lines,
expand its store base, and boost its market share.
Moreover, Kroger's Customer 1
strategy provides a strong value proposition to consumers. The
company's value offerings further facilitate it to retain
customers and in turn generate identical supermarket sales
These measures helped the company post
stronger-than-anticipated fourth-quarter fiscal 2012 results.
Kroger declared impressive results on Mar 7, 2013, wherein
earnings of 88 cents a share beat the Zacks Consensus Estimate of
70 cents, and surged from 50 cents earned in the prior-year
quarter. In the last 4 quarters, the company has outpaced the
Zacks Consensus Estimate by an average of 11.3%.
Total sales (including fuel center sales) climbed 12.8% to
$24,153.1 million from the prior-year quarter, and came ahead of
the Zacks Consensus Estimate of $24,053 million. Buoyed by
healthy results, management now projects fiscal 2013 earnings
between $2.71 and $2.79.
Currently, Kroger holds a Zacks Rank #2 (Buy).
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