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Jim Cramer compares Sprouts valuation to Kroger's multiple

1 report, 1 independent Updated Fri 00:00
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What happened

Some supportReported by 1 outlet

Jim Cramer stated that Sprouts Farmers Market, Inc. stock is cheap and a winner, noting its valuation is similar to Kroger's multiple. Sprouts reported second-quarter sales of $2.33 billion, a 5% increase year-over-year, and expects to open 42 net new stores this year.

From insidermonkey.com

Why it matters

Some supportBrind's analysis of the reports

Cramer's comparison places Sprouts near an established competitor like Kroger, despite Sprouts' ongoing investments in its distribution network and store expansion. The current valuation is reported to be approximately 11x forward earnings.

From insidermonkey.com

Who's involved

  • Jim CramerProvided commentary on Sprouts stock valuation
  • KrogerUsed as a benchmark for Sprouts' valuation multiple

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