Kroger: Post‑Albertsons Flexibility Turning Into Shareholder Alpha

Kroger is undervalued despite record highs, with strong fundamentals, defensive qualities, and a clear strategy for margin and market share growth. The failed Albertsons merger leaves Kroger with lower leverage, more flexibility, and capital for aggressive buybacks, boosting shareholder returns. Kroger's digital transformation, focus on private labels, and resilient operating results position it for continued EPS growth and potential multiple expansion.