KR
The Kroger Co.
KR's fundamentals are mixed, but it looks expensive: trading at 38x earnings, about twice its usual 17x. Analysts expect earnings growth.
KR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable |
KR's revenue, profitability, cash flow and balance sheet are all currently stable.
KR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $69.81 | — |
| Cheap | 14x | $25.04 | -64% |
| Fair | 17x | $31.79 | -54% |
| Expensive | 32x | $59.31 | -15% |
| Current | 38x | $69.81 | — |
Historical ranges are pointers, not guarantees.
KR's PE is in its expensive range at 38x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
KR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for KR, with profitability holding steady.
KR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.50 | +197% |
| Q3 2026 | $1.85 | -53% |
| Q2 2026 | $1.71 | -53% |
| Q1 2026 | $1.54 | -58% |
| Q4 2025 | $1.08 | -71% |
| Q3 2025 | $3.94 | +3.1% |
| Q2 2025 | $3.67 | +25% |
| Q1 2025 | $3.67 | +24% |
| Q4 2024 | $3.78 | +48% |
KR's earnings per share have fallen from their peak: $1.85 over the past year, against $3.94 in mid-2025.
KR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $34.6B | +2% |
| Q2 2026 | $46.1B | +2.2% |
| Q1 2026 | $34.7B | +1.2% |
| Q4 2025 | $33.9B | +0.7% |
| Q3 2025 | $33.9B | +0.1% |
| Q2 2025 | $45.1B | -0.3% |
| Q1 2025 | $34.3B | -7.4% |
| Q4 2024 | $33.6B | -1% |
KR's revenue grew through 2022 and has held roughly level since: $34.6B last quarter, up 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | +0.3 points |
| Q2 2026 | 3% | +0.1 points |
| Q1 2026 | 3.6% | +0.9 points |
| Q4 2025 | -4.5% | -7 points |
| Q3 2025 | 2.5% | +0.1 points |
| Q2 2025 | 2.9% | +0.1 points |
| Q1 2025 | 2.7% | -0.6 points |
| Q4 2024 | 2.5% | -0.2 points |
KR's operating margin was 2.8% last quarter, about level with the same quarter a year ago.
KR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $167M | -73% |
| Q2 2026 | $481M | -56% |
| Q1 2026 | $1.7B | +228% |
| Q3 2025 | $615M | +149% |
| Q2 2025 | $1.1B | +6.5% |
| Q1 2025 | $520M | -44% |
| Q3 2024 | $247M | -57% |
| Q2 2024 | $1B | -43% |
KR still generates free cash flow, though less than at its 2020 peak: $2.4B over the past year.
KR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -7M shares |
| 1 year | -8.6% | -57M shares |
| 3 years | -15% | -111M shares |
| 5 years | -19% | -147M shares |
| Available history | -25% | -199M shares |
KR has 608M diluted shares, down 8.6% from a year ago, with $3.8B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $213M |
| Q1 2026 | $1.8B |
| Q4 2025 | $738M |
| Q3 2025 | $22M |
| Q2 2025 | $181M |
| Q1 2025 | $4B |
| Q3 2024 | $13M |
KR spent $3.8B buying back its own shares over the past year.
KR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.4x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.4x | Moderate |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 1.0x | Very low |
| Q2 2024 | 1.2x | Healthy |
| Q1 2024 | 1.3x | Healthy |
KR's net debt is about 2.4 years of its operating earnings (EBITDA), up from 1.7 years a year ago.
KR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.5 | Neutral |
| Stochastic | 84.0 | Overbought |
KR's weekly RSI is 68 (neutral) and its Stochastic is 84 (overbought).
KR PE vs Consumer Defensive Sector
| Metric | KR | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 19x | 94% above |
| PE % | 92 | 18 | 74 pts above |
KR is trading at 38x earnings, a 94% premium to the Consumer Defensive sector's median of 19x.
KR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.3 | 8.6% above |
| 20 week MA | $60.6 | 15% above |
| 50 week MA | $63.9 | 9.3% above |
| 100 week MA | $65.4 | 6.7% above |
| 200 week MA | $57.7 | 21% above |
KR is in an uptrend: it's above all five of its weekly moving averages, and 21% above its 200-week average.
KR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.8 | $31.5 | +9.6% |
| 2021 | $31.5 | $43.2 | +37% |
| 2022 | $43.2 | $45.9 | +6.2% |
| 2023 | $45.9 | $45.7 | -0.4% |
| 2024 | $45.7 | $62.3 | +36% |
| 2025 | $62.3 | $63.3 | +1.5% |
| 2026 YTD | $63.3 | $69.8 | +10% |
KR has finished higher in five of the last six years. It's up 10% so far in 2026.