Narrow-moat Kroger is well-positioned to compete; data analytics to bolster its value proposition
With questions surrounding the health and future of its business, narrow-moat Kroger’s investor meeting on Oct. 11 offered reassuring answers, in our view, and reinforced our faith in its brand and cost advantage moat sources. Kroger 1) reiterated fiscal 2017 guidance, calling for comparable-store sales of 0.5% to 1.0%, FIFO operating margins to expand 30 to 40 basis points, and adjusted EPS of $2.00 to $2.05, 2) outlined its three-year free cash flow projections (generally within our expectatio...Kroger operates as a retailer. The company also manufacture and process some of the food for sale in its supermarkets. Supermarkets are operated under one of the following formats: combination food and drug stores (combo stores); multi-department stores; marketplace stores; or price impact warehouses. The combo stores provide food and organic sections, pharmacies, general merchandise, pet centers and perishables such as seafood and organic produce. Marketplace provide grocery, pharmacy and health and beauty care departments as well as perishable offering and general merchandise area that includes apparel, home goods and toys.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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