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Auxier Asset Management is bullish on Kroger (KR) in its Q2 investor letter, stating that its stock is undervalued and the new CEO is expected to bring positive changes.
Auxier Asset Management noted in its Q2 2026 investor letter that despite the consumer staples sector's underperformance due to inflation and high interest rates, Kroger (KR)'s new CEO, Greg Foran, is expected to bring positive changes. Foran, formerly the President and CEO of Walmart U.S., has been actively implementing price reductions and driving private-label growth at Kroger. The firm believes Kroger is currently undervalued with a P/E ratio of just 12x, significantly lower than Costco and Walmart. As of September 14, Kroger closed at $60.91, up 10.12% over the past month and down 7.06% over the past year.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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