Kroger supermarket chain may feed rally in share price -Barron’s
Shares of Kroger Co appear poised to rise as investors realize that the U.S supermarket chain is trading at a discount and luring customers away from rivals, Barron's reported. Kroger's price-earnings ratio has tumbled to 11.5 times future earnings, from 18.8 times in early 2016, Barron's said. Spending to expand the digital business will weigh on Kroger's earnings in the current fiscal year, Barron's said, but analysts expect earnings to rise 14 percent two years from now.
