Why do companies like Kroger and Albertson’s have much lower valuation multiples than Walmart, Target, and Costco?


A reason that comes to mind is defensibility, but given that these companies are all consumer defensive in the first place, there shouldn't be a significant difference. Furthermore, the valuation multiple gap is so large that I don't see what could justify this.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *