Kroger: An Undervalued Dividend Stock?
Shares of Kroger (NYSE: KR) rose sharply on Thursday, climbing more than 4%, even as the S&P 500 dipped slightly. The stock's gain came after the grocer reported better-than-expected fiscal first-quarter results and management raised its outlook for its full-year financial performance.
There was a lot to like about the quarter. Not only were revenue and non-GAAP (adjusted) earnings per share both ahead of analysts' estimates, but the company's strong financials relative to its conservative valuation continued to show why the stock is attractive -- especially for investors looking for income.
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Source Fool.com
