The Kroger Co. (KR)

Outperform Recap: Q1 FY26

The Market Loses Patience and Sends Kroger to a 52-Week Low on Margin Fears, But the EPS Algorithm Held, E-Commerce Turned Profitable Early, and at ~11x the Sell-Off Looks Overdone — Maintaining Outperform

Outperform Recap: Q4 FY25

The Turnaround Gets a Turnaround Operator: Greg Foran Takes the Helm, Q4 Beats, E-Commerce Turns Profitable, and a New $2B Buyback Lands — Upgrading to Outperform

Hold Recap: Q3 FY25

The $2.6B Ocado Write-Off Clears the Deck and Flips E-Commerce to Profit in 2026, But a Decelerating Comp and a Still-Empty CEO Seat Keep Us at Hold

Hold Recap: Q2 FY25

Sixth Straight Quarter of Comp Improvement and a Raised Guide, But a Leaderless C-Suite and a Faded Pop Keep Us at Hold — Initiating Coverage