# Grocery Stores — company-by-company sector analysis

> Grocery Stores: The Kroger Co. owns the largest revenue base; Sprouts Farmers Market, Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice.

## Bottom line

Grocery Stores has underperformed S&P 500 by 19.9% over 52 weeks and 8.5% over 13 weeks. 3 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 9 beat the sector itself. The Kroger Co. leads with revenue of $148,645 million, based on 6 of 10 comparable companies through Jun 2026.

### Is the Grocery Stores sector outperforming S&P 500?

Grocery Stores has underperformed S&P 500 by 19.9% over 52 weeks and 8.5% over 13 weeks. 3 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 9 beat the sector itself.

### Which Grocery Stores company is largest by revenue?

The Kroger Co. leads with revenue of $148,645 million, based on 6 of 10 comparable companies through Jun 2026.

### Which Grocery Stores company is growing fastest?

Sprouts Farmers Market, Inc. has the fastest current revenue growth at 10.3%, across 6 of 10 comparable companies.

### Which Grocery Stores company has the strongest 4-Factor Sector Score?

Natural Grocers by Vitamin Cottage, Inc. ranks first at 61.3/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Grocery Stores company reports the most CAPEX?

The Kroger Co. reports the largest latest CAPEX at $1,293 million, with 10 of 10 companies comparable.

### Which Grocery Stores company has the least gross debt?

Weis Markets, Inc. has the lowest comparable gross debt at $174 million. The Kroger Co. has the highest at $24,192 million.

### Which Grocery Stores company has the lowest comparable PEG?

Natural Grocers by Vitamin Cottage, Inc. has the lowest comparable Guarded PEG at 0.74, among 4 of 10 companies that pass the metric’s comparability rules.

### How much history does this Grocery Stores comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Grocery Stores has underperformed S&P 500 by 19.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 8.5%. 3 of 9 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Ingles Markets, Incorporated is the strongest against the sector itself at +13.7%.

13-week sector return versus NIFTY 500: -8.5%
52-week sector return versus NIFTY 500: -20%
Stocks leading NIFTY: 3/9
Stocks leading sector: 4/9

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 10
Combined market value: ₹57.0K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 61/100 — Mixed-positive evidence; evidence 76%
   - Growth & earnings 19.7/35 | Capital efficiency 13.1/25 | Valuation 16.1/20 | Relative strength 12.4/20
   - Exact sum: 19.7 + 13.1 + 16.1 + 12.4 = 61.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Sprouts Farmers Market, Inc. (SFM): 56/100 — Mixed-positive evidence; evidence 82%
   - Growth & earnings 18.0/35 | Capital efficiency 15.0/25 | Valuation 15.0/20 | Relative strength 8.3/20
   - Exact sum: 18 + 15 + 15 + 8.3 = 56.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Weis Markets, Inc. (WMK): 56/100 — Mixed-positive evidence; evidence 82%
   - Growth & earnings 19.8/35 | Capital efficiency 14.9/25 | Valuation 5.0/20 | Relative strength 16.0/20
   - Exact sum: 19.8 + 14.9 + 5 + 16 = 55.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Village Super Market, Inc. (VLGEA): 51/100 — Mixed-positive evidence; evidence 76%
   - Growth & earnings 13.5/35 | Capital efficiency 10.4/25 | Valuation 11.5/20 | Relative strength 15.8/20
   - Exact sum: 13.5 + 10.4 + 11.5 + 15.8 = 51.2
   - Decision use: Price leads the evidence: RS versus the benchmark is 4.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5. Krispy Kreme, Inc. (DNUT): 39/100 — Thin evidence · provisional; evidence 59%
   - Growth & earnings 17.6/35 | Capital efficiency 4.8/25 | Valuation 8.5/20 | Relative strength 7.6/20
   - Exact sum: 17.6 + 4.8 + 8.5 + 7.6 = 38.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6. The Kroger Co. (KR): 37/100 — Mixed-negative evidence; evidence 86%
   - Growth & earnings 11.3/35 | Capital efficiency 10.1/25 | Valuation 10.7/20 | Relative strength 4.4/20
   - Exact sum: 11.3 + 10.1 + 10.7 + 4.4 = 36.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7. Albertsons Companies, Inc. (ACI): 29/100 — Thin evidence · provisional; evidence 59%
   - Growth & earnings 13.3/35 | Capital efficiency 6.5/25 | Valuation 9.3/20 | Relative strength 0.0/20
   - Exact sum: 13.3 + 6.5 + 9.3 + 0 = 29.1
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8. Grocery Outlet Holding Corp. (GO): 28/100 — Thin evidence · provisional; evidence 53%
   - Growth & earnings 10.4/35 | Capital efficiency 4.2/25 | Valuation 8.9/20 | Relative strength 4.1/20
   - Exact sum: 10.4 + 4.2 + 8.9 + 4.1 = 27.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9. Ingles Markets, Incorporated (IMKTA): 61/100 — Thin evidence · provisional; evidence 48%
   - Growth & earnings 19.8/35 | Capital efficiency 13.4/25 | Valuation 10.4/20 | Relative strength 17.0/20
   - Exact sum: 19.8 + 13.4 + 10.4 + 17 = 60.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10. Yesway, Inc. (YSWY): 52/100 — Thin evidence · provisional; evidence 26%
   - Growth & earnings 19.0/35 | Capital efficiency 13.0/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 19 + 13 + 10 + 10 = 52
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: The Kroger Co. is the scale leader at $148,645 million, 16.7× the revenue of Sprouts Farmers Market, Inc.. Sprouts Farmers Market, Inc.'s growth is 10.3% from a $8,899 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: The Kroger Co. is the scale benchmark; Sprouts Farmers Market, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: The Kroger Co.'s growth falls below Sprouts Farmers Market, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: The Kroger Co. · $148,645 million | 16.7× versus #2 · Sprouts Farmers Market, Inc. | 5/8 recent comparable periods | 6/10 companies · 171 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. The Kroger Co. (KR): ₹1.5 L Cr
2. Sprouts Farmers Market, Inc. (SFM): ₹8.9K Cr
3. Weis Markets, Inc. (WMK): ₹5.0K Cr
4. Village Super Market, Inc. (VLGEA): ₹2.4K Cr
5. Krispy Kreme, Inc. (DNUT): ₹1.5K Cr

### Revenue growth — fastest growers
1. Sprouts Farmers Market, Inc. (SFM): 10%
2. Village Super Market, Inc. (VLGEA): 4.2%
3. Weis Markets, Inc. (WMK): 4.2%
4. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 3.1%
5. The Kroger Co. (KR): 1.1%

### 20-quarter Revenue history
- KR: Sep 2021 ₹31.7K Cr | Dec 2021 ₹31.9K Cr | Mar 2022 ₹33.0K Cr | Jun 2022 ₹44.6K Cr | Sep 2022 ₹34.6K Cr | Dec 2022 ₹34.2K Cr | Mar 2023 ₹34.8K Cr | Jun 2023 ₹45.2K Cr | Sep 2023 ₹33.9K Cr | Dec 2023 ₹34.0K Cr | Mar 2024 ₹37.1K Cr | Jun 2024 ₹45.3K Cr | Sep 2024 ₹33.9K Cr | Dec 2024 ₹33.6K Cr | Mar 2025 ₹34.3K Cr | Jun 2025 ₹45.1K Cr | Sep 2025 ₹33.9K Cr | Dec 2025 ₹33.9K Cr | Mar 2026 ₹34.7K Cr | Jun 2026 ₹46.1K Cr
- SFM: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.5K Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹1.6K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.6K Cr | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.7K Cr | Dec 2023 ₹1.7K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹1.9K Cr | Sep 2024 ₹1.9K Cr | Dec 2024 ₹2.0K Cr | Mar 2025 ₹2.2K Cr | Jun 2025 ₹2.2K Cr | Sep 2025 ₹2.2K Cr | Dec 2025 ₹2.1K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 —
- ACI: Sep 2021 ₹16.5K Cr | Dec 2021 ₹16.7K Cr | Mar 2022 ₹17.4K Cr | Jun 2022 ₹23.3K Cr | Sep 2022 ₹17.9K Cr | Dec 2022 ₹18.2K Cr | Mar 2023 ₹18.3K Cr | Jun 2023 ₹24.1K Cr | Sep 2023 ₹18.3K Cr | Dec 2023 ₹18.6K Cr | Mar 2024 ₹18.3K Cr | Jun 2024 ₹24.3K Cr | Sep 2024 ₹18.6K Cr | Dec 2024 ₹18.8K Cr | Mar 2025 ₹18.8K Cr | Jun 2025 ₹24.9K Cr | Sep 2025 ₹18.9K Cr | Dec 2025 ₹19.1K Cr | Mar 2026 ₹20.3K Cr | Jun 2026 —
- WMK: Sep 2021 ₹1.1K Cr | Dec 2021 ₹1.1K Cr | Mar 2022 ₹1.1K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 — | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.4K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 — | Dec 2022 ₹1.5K Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 — | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.3K Cr | Sep 2025 — | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 —
- YSWY: Sep 2021 ₹479 Cr | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹581 Cr | Jun 2024 ₹671 Cr | Sep 2024 ₹664 Cr | Dec 2024 ₹611 Cr | Mar 2025 ₹600 Cr | Jun 2025 ₹678 Cr | Sep 2025 ₹716 Cr | Dec 2025 ₹679 Cr | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 ₹776 Cr | Dec 2021 ₹769 Cr | Mar 2022 ₹783 Cr | Jun 2022 ₹831 Cr | Sep 2022 ₹898 Cr | Dec 2022 ₹918 Cr | Mar 2023 — | Jun 2023 ₹965 Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹990 Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 — | Mar 2026 ₹1.2K Cr | Jun 2026 ₹1.2K Cr
- NGVC: Sep 2021 ₹273 Cr | Dec 2021 ₹277 Cr | Mar 2022 ₹272 Cr | Jun 2022 ₹266 Cr | Sep 2022 ₹274 Cr | Dec 2022 ₹280 Cr | Mar 2023 ₹283 Cr | Jun 2023 ₹282 Cr | Sep 2023 ₹295 Cr | Dec 2023 ₹302 Cr | Mar 2024 ₹308 Cr | Jun 2024 ₹309 Cr | Sep 2024 ₹323 Cr | Dec 2024 ₹330 Cr | Mar 2025 ₹336 Cr | Jun 2025 ₹329 Cr | Sep 2025 ₹336 Cr | Dec 2025 ₹336 Cr | Mar 2026 ₹337 Cr | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹502 Cr | Sep 2022 ₹528 Cr | Dec 2022 ₹520 Cr | Mar 2023 ₹564 Cr | Jun 2023 ₹529 Cr | Sep 2023 ₹554 Cr | Dec 2023 — | Mar 2024 — | Jun 2024 ₹546 Cr | Sep 2024 ₹578 Cr | Dec 2024 ₹558 Cr | Mar 2025 ₹600 Cr | Jun 2025 ₹564 Cr | Sep 2025 ₹600 Cr | Dec 2025 ₹583 Cr | Mar 2026 ₹641 Cr | Jun 2026 ₹573 Cr
- DNUT: Sep 2021 ₹349 Cr | Dec 2021 ₹343 Cr | Mar 2022 ₹371 Cr | Jun 2022 ₹373 Cr | Sep 2022 ₹375 Cr | Dec 2022 ₹378 Cr | Mar 2023 ₹405 Cr | Jun 2023 ₹419 Cr | Sep 2023 ₹409 Cr | Dec 2023 ₹407 Cr | Mar 2024 ₹443 Cr | Jun 2024 ₹439 Cr | Sep 2024 ₹380 Cr | Dec 2024 ₹404 Cr | Mar 2025 ₹375 Cr | Jun 2025 ₹380 Cr | Sep 2025 ₹375 Cr | Dec 2025 ₹392 Cr | Mar 2026 ₹367 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- KR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 9.3% | Dec 2022 7.3% | Mar 2023 5.4% | Jun 2023 1.3% | Sep 2023 -2.3% | Dec 2023 -0.7% | Mar 2024 6.4% | Jun 2024 0.2% | Sep 2024 0.2% | Dec 2024 -1.0% | Mar 2025 -7.4% | Jun 2025 -0.3% | Sep 2025 0.1% | Dec 2025 0.7% | Mar 2026 1.2% | Jun 2026 2.2%
- SFM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 4.8% | Dec 2022 5.4% | Mar 2023 5.6% | Jun 2023 5.6% | Sep 2023 6.1% | Dec 2023 7.7% | Mar 2024 19% | Jun 2024 9.3% | Sep 2024 15% | Dec 2024 17% | Mar 2025 19% | Jun 2025 17% | Sep 2025 13% | Dec 2025 7.7% | Mar 2026 4.2% | Jun 2026 —
- ACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.6% | Sep 2022 8.6% | Dec 2022 8.5% | Mar 2023 5.1% | Jun 2023 3.2% | Sep 2023 2.1% | Dec 2023 2.2% | Mar 2024 0.4% | Jun 2024 0.9% | Sep 2024 1.4% | Dec 2024 1.2% | Mar 2025 2.5% | Jun 2025 2.5% | Sep 2025 2.0% | Dec 2025 1.9% | Mar 2026 7.7% | Jun 2026 —
- WMK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.4% | Sep 2022 8.3% | Dec 2022 18% | Mar 2023 — | Jun 2023 0.9% | Sep 2023 2.4% | Dec 2023 -7.1% | Mar 2024 — | Jun 2024 3.6% | Sep 2024 0.9% | Dec 2024 1.7% | Mar 2025 1.6% | Jun 2025 2.8% | Sep 2025 4.4% | Dec 2025 5.1% | Mar 2026 4.6% | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 17% | Mar 2022 16% | Jun 2022 14% | Sep 2022 — | Dec 2022 7.3% | Mar 2023 0.3% | Jun 2023 -1.7% | Sep 2023 — | Dec 2023 -0.8% | Mar 2024 -1.0% | Jun 2024 -2.8% | Sep 2024 — | Dec 2024 -13% | Mar 2025 -2.6% | Jun 2025 -3.4% | Sep 2025 — | Dec 2025 6.6% | Mar 2026 -1.7% | Jun 2026 —
- YSWY: Sep 2021 10% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 3.3% | Jun 2025 1.0% | Sep 2025 7.8% | Dec 2025 11% | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 16% | Dec 2022 19% | Mar 2023 — | Jun 2023 16% | Sep 2023 12% | Dec 2023 7.8% | Mar 2024 — | Jun 2024 17% | Sep 2024 9.7% | Dec 2024 11% | Mar 2025 8.6% | Jun 2025 4.5% | Sep 2025 5.4% | Dec 2025 — | Mar 2026 7.9% | Jun 2026 -1.2%
- NGVC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.7% | Sep 2022 0.4% | Dec 2022 1.1% | Mar 2023 4.0% | Jun 2023 6.0% | Sep 2023 7.7% | Dec 2023 7.9% | Mar 2024 8.8% | Jun 2024 9.6% | Sep 2024 9.5% | Dec 2024 9.3% | Mar 2025 9.1% | Jun 2025 6.5% | Sep 2025 4.0% | Dec 2025 1.8% | Mar 2026 0.3% | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 5.4% | Sep 2023 4.9% | Dec 2023 — | Mar 2024 — | Jun 2024 3.2% | Sep 2024 4.3% | Dec 2024 — | Mar 2025 — | Jun 2025 3.3% | Sep 2025 3.8% | Dec 2025 4.5% | Mar 2026 6.8% | Jun 2026 1.6%
- DNUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 7.5% | Dec 2022 10% | Mar 2023 9.2% | Jun 2023 12% | Sep 2023 9.1% | Dec 2023 7.7% | Mar 2024 9.4% | Jun 2024 4.8% | Sep 2024 -7.1% | Dec 2024 -0.7% | Mar 2025 -15% | Jun 2025 -13% | Sep 2025 -1.3% | Dec 2025 -3.0% | Mar 2026 -2.1% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Sprouts Farmers Market, Inc. leads opm at 9.2%; Krispy Kreme, Inc. leads margin change at +4.4 percentage points.

Investor read: Sprouts Farmers Market, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Sprouts Farmers Market, Inc. · 9.2% | 70.4% versus #2 · Natural Grocers by Vitamin Cottage, Inc. | 7/8 recent comparable periods | 9/10 companies · 162 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Sprouts Farmers Market, Inc. (SFM): 9.2%
2. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 5.4%
3. The Kroger Co. (KR): 3.1%
4. Weis Markets, Inc. (WMK): 2.8%
5. Ingles Markets, Incorporated (IMKTA): 2.6%

### Margin change — fastest expanders
1. Krispy Kreme, Inc. (DNUT): +4.4 pp
2. Ingles Markets, Incorporated (IMKTA): +1.0 pp
3. Weis Markets, Inc. (WMK): +1.0 pp
4. The Kroger Co. (KR): +0.2 pp
5. Natural Grocers by Vitamin Cottage, Inc. (NGVC): +0.2 pp

### 20-quarter OPM history
- KR: Sep 2021 2.6% | Dec 2021 2.7% | Mar 2022 2.9% | Jun 2022 3.4% | Sep 2022 2.8% | Dec 2022 2.5% | Mar 2023 2.4% | Jun 2023 3.3% | Sep 2023 -1.4% | Dec 2023 2.7% | Mar 2024 3.2% | Jun 2024 2.9% | Sep 2024 2.4% | Dec 2024 2.5% | Mar 2025 2.7% | Jun 2025 2.9% | Sep 2025 2.5% | Dec 2025 -4.6% | Mar 2026 3.6% | Jun 2026 3.1%
- SFM: Sep 2021 5.5% | Dec 2021 5.7% | Mar 2022 3.4% | Jun 2022 7.3% | Sep 2022 5.4% | Dec 2022 5.7% | Mar 2023 3.9% | Jun 2023 5.9% | Sep 2023 5.4% | Dec 2023 5.1% | Mar 2024 7.9% | Jun 2024 6.7% | Sep 2024 6.3% | Dec 2024 5.3% | Mar 2025 10% | Jun 2025 8.1% | Sep 2025 7.2% | Dec 2025 5.7% | Mar 2026 9.2% | Jun 2026 —
- ACI: Sep 2021 2.9% | Dec 2021 3.6% | Mar 2022 3.8% | Jun 2022 3.3% | Sep 2022 3.0% | Dec 2022 3.2% | Mar 2023 2.4% | Jun 2023 2.6% | Sep 2023 2.5% | Dec 2023 3.1% | Mar 2024 2.3% | Jun 2024 1.9% | Sep 2024 1.6% | Dec 2024 2.8% | Mar 2025 1.5% | Jun 2025 1.8% | Sep 2025 1.6% | Dec 2025 2.6% | Mar 2026 -2.5% | Jun 2026 —
- WMK: Sep 2021 3.7% | Dec 2021 2.7% | Mar 2022 3.8% | Jun 2022 4.3% | Sep 2022 2.9% | Dec 2022 2.6% | Mar 2023 — | Jun 2023 2.8% | Sep 2023 3.9% | Dec 2023 2.1% | Mar 2024 2.3% | Jun 2024 2.7% | Sep 2024 2.5% | Dec 2024 3.4% | Mar 2025 1.8% | Jun 2025 2.6% | Sep 2025 1.8% | Dec 2025 2.8% | Mar 2026 2.8% | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 6.5% | Mar 2022 6.9% | Jun 2022 6.5% | Sep 2022 — | Dec 2022 6.4% | Mar 2023 4.2% | Jun 2023 4.7% | Sep 2023 4.5% | Dec 2023 4.0% | Mar 2024 3.3% | Jun 2024 3.2% | Sep 2024 — | Dec 2024 1.8% | Mar 2025 1.6% | Jun 2025 2.8% | Sep 2025 — | Dec 2025 2.9% | Mar 2026 2.6% | Jun 2026 —
- GO: Sep 2021 3.1% | Dec 2021 3.4% | Mar 2022 2.0% | Jun 2022 2.3% | Sep 2022 3.0% | Dec 2022 2.7% | Mar 2023 — | Jun 2023 3.4% | Sep 2023 3.6% | Dec 2023 1.9% | Mar 2024 0.1% | Jun 2024 2.3% | Sep 2024 3.6% | Dec 2024 1.0% | Mar 2025 -2.0% | Jun 2025 1.1% | Sep 2025 2.0% | Dec 2025 — | Mar 2026 -19% | Jun 2026 -15%
- NGVC: Sep 2021 3.4% | Dec 2021 4.3% | Mar 2022 3.3% | Jun 2022 2.1% | Sep 2022 1.3% | Dec 2022 2.3% | Mar 2023 3.0% | Jun 2023 3.2% | Sep 2023 2.6% | Dec 2023 3.6% | Mar 2024 3.7% | Jun 2024 4.2% | Sep 2024 3.7% | Dec 2024 4.0% | Mar 2025 5.2% | Jun 2025 4.7% | Sep 2025 4.6% | Dec 2025 4.4% | Mar 2026 5.4% | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -0.9% | Sep 2022 3.4% | Dec 2022 2.9% | Mar 2023 2.9% | Jun 2023 2.7% | Sep 2023 3.6% | Dec 2023 — | Mar 2024 — | Jun 2024 1.9% | Sep 2024 3.3% | Dec 2024 2.9% | Mar 2025 3.7% | Jun 2025 2.4% | Sep 2025 3.4% | Dec 2025 2.6% | Mar 2026 3.7% | Jun 2026 1.5%
- DNUT: Sep 2021 2.6% | Dec 2021 0.5% | Mar 2022 4.4% | Jun 2022 4.6% | Sep 2022 2.0% | Dec 2022 -0.3% | Mar 2023 1.3% | Jun 2023 3.6% | Sep 2023 1.4% | Dec 2023 -0.5% | Mar 2024 2.7% | Jun 2024 1.6% | Sep 2024 -4.2% | Dec 2024 -2.8% | Mar 2025 -5.4% | Jun 2025 -114% | Sep 2025 -1.9% | Dec 2025 -1.9% | Mar 2026 -1.0% | Jun 2026 —

### 20-quarter Margin change history
- KR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 −0.2 pp | Mar 2023 −0.5 pp | Jun 2023 −0.1 pp | Sep 2023 −4.2 pp | Dec 2023 +0.2 pp | Mar 2024 +0.8 pp | Jun 2024 −0.4 pp | Sep 2024 +3.8 pp | Dec 2024 −0.2 pp | Mar 2025 −0.5 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 −7.1 pp | Mar 2026 +0.9 pp | Jun 2026 +0.2 pp
- SFM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 0.0 pp | Mar 2023 +0.5 pp | Jun 2023 −1.4 pp | Sep 2023 0.0 pp | Dec 2023 −0.6 pp | Mar 2024 +4.0 pp | Jun 2024 +0.8 pp | Sep 2024 +0.9 pp | Dec 2024 +0.2 pp | Mar 2025 +2.2 pp | Jun 2025 +1.4 pp | Sep 2025 +0.9 pp | Dec 2025 +0.4 pp | Mar 2026 −0.9 pp | Jun 2026 —
- ACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.1 pp | Sep 2022 +0.1 pp | Dec 2022 −0.4 pp | Mar 2023 −1.4 pp | Jun 2023 −0.7 pp | Sep 2023 −0.5 pp | Dec 2023 −0.1 pp | Mar 2024 −0.1 pp | Jun 2024 −0.7 pp | Sep 2024 −0.9 pp | Dec 2024 −0.3 pp | Mar 2025 −0.8 pp | Jun 2025 −0.1 pp | Sep 2025 0.0 pp | Dec 2025 −0.2 pp | Mar 2026 −4.0 pp | Jun 2026 —
- WMK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0 pp | Sep 2022 −0.8 pp | Dec 2022 −0.1 pp | Mar 2023 — | Jun 2023 −1.5 pp | Sep 2023 +1.0 pp | Dec 2023 −0.5 pp | Mar 2024 — | Jun 2024 −0.1 pp | Sep 2024 −1.4 pp | Dec 2024 +1.3 pp | Mar 2025 −0.5 pp | Jun 2025 −0.1 pp | Sep 2025 −0.7 pp | Dec 2025 −0.6 pp | Mar 2026 +1.0 pp | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 +0.1 pp | Mar 2022 +0.6 pp | Jun 2022 −1.4 pp | Sep 2022 — | Dec 2022 −0.1 pp | Mar 2023 −2.7 pp | Jun 2023 −1.8 pp | Sep 2023 — | Dec 2023 −2.4 pp | Mar 2024 −0.9 pp | Jun 2024 −1.5 pp | Sep 2024 — | Dec 2024 −2.2 pp | Mar 2025 −1.7 pp | Jun 2025 −0.4 pp | Sep 2025 — | Dec 2025 +1.1 pp | Mar 2026 +1.0 pp | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −0.7 pp | Mar 2023 — | Jun 2023 +1.1 pp | Sep 2023 +0.6 pp | Dec 2023 −0.8 pp | Mar 2024 — | Jun 2024 −1.1 pp | Sep 2024 0.0 pp | Dec 2024 −0.9 pp | Mar 2025 −2.1 pp | Jun 2025 −1.2 pp | Sep 2025 −1.6 pp | Dec 2025 — | Mar 2026 −17.3 pp | Jun 2026 −16.4 pp
- NGVC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.6 pp | Sep 2022 −2.1 pp | Dec 2022 −2.0 pp | Mar 2023 −0.3 pp | Jun 2023 +1.1 pp | Sep 2023 +1.3 pp | Dec 2023 +1.3 pp | Mar 2024 +0.7 pp | Jun 2024 +1.0 pp | Sep 2024 +1.1 pp | Dec 2024 +0.4 pp | Mar 2025 +1.5 pp | Jun 2025 +0.5 pp | Sep 2025 +0.9 pp | Dec 2025 +0.4 pp | Mar 2026 +0.2 pp | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 +3.6 pp | Sep 2023 +0.2 pp | Dec 2023 — | Mar 2024 — | Jun 2024 −0.8 pp | Sep 2024 −0.3 pp | Dec 2024 — | Mar 2025 — | Jun 2025 +0.5 pp | Sep 2025 +0.1 pp | Dec 2025 −0.3 pp | Mar 2026 0.0 pp | Jun 2026 −0.9 pp
- DNUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 −0.8 pp | Mar 2023 −3.1 pp | Jun 2023 −1.0 pp | Sep 2023 −0.6 pp | Dec 2023 −0.2 pp | Mar 2024 +1.4 pp | Jun 2024 −2.0 pp | Sep 2024 −5.6 pp | Dec 2024 −2.3 pp | Mar 2025 −8.1 pp | Jun 2025 −116.0 pp | Sep 2025 +2.3 pp | Dec 2025 +0.9 pp | Mar 2026 +4.4 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: The Kroger Co. leads with $1,060 million of TTM profit, 108.7% above Sprouts Farmers Market, Inc.. Natural Grocers by Vitamin Cottage, Inc. shows 17.1% growth from a $48 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: The Kroger Co. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: The Kroger Co. · $1,060 million | 108.7% versus #2 · Sprouts Farmers Market, Inc. | 3/8 recent comparable periods | 6/10 companies · 171 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. The Kroger Co. (KR): ₹1.1K Cr
2. Sprouts Farmers Market, Inc. (SFM): ₹508 Cr
3. Weis Markets, Inc. (WMK): ₹101 Cr
4. Village Super Market, Inc. (VLGEA): ₹55 Cr
5. Natural Grocers by Vitamin Cottage, Inc. (NGVC): ₹48 Cr

### Profit growth — fastest growers
1. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 17%
2. Sprouts Farmers Market, Inc. (SFM): 14%
3. Village Super Market, Inc. (VLGEA): -1.8%
4. Weis Markets, Inc. (WMK): -5.6%
5. The Kroger Co. (KR): -59%

### 20-quarter Net profit history
- KR: Sep 2021 ₹469 Cr | Dec 2021 ₹485 Cr | Mar 2022 ₹569 Cr | Jun 2022 ₹666 Cr | Sep 2022 ₹732 Cr | Dec 2022 ₹400 Cr | Mar 2023 ₹451 Cr | Jun 2023 ₹962 Cr | Sep 2023 ₹-179 Cr | Dec 2023 ₹647 Cr | Mar 2024 ₹739 Cr | Jun 2024 ₹956 Cr | Sep 2024 ₹465 Cr | Dec 2024 ₹617 Cr | Mar 2025 ₹634 Cr | Jun 2025 ₹868 Cr | Sep 2025 ₹610 Cr | Dec 2025 ₹-1.3K Cr | Mar 2026 ₹861 Cr | Jun 2026 ₹904 Cr
- SFM: Sep 2021 ₹61 Cr | Dec 2021 ₹64 Cr | Mar 2022 ₹36 Cr | Jun 2022 ₹88 Cr | Sep 2022 ₹62 Cr | Dec 2022 ₹66 Cr | Mar 2023 ₹45 Cr | Jun 2023 ₹76 Cr | Sep 2023 ₹67 Cr | Dec 2023 ₹65 Cr | Mar 2024 ₹114 Cr | Jun 2024 ₹95 Cr | Sep 2024 ₹92 Cr | Dec 2024 ₹80 Cr | Mar 2025 ₹180 Cr | Jun 2025 ₹134 Cr | Sep 2025 ₹120 Cr | Dec 2025 ₹90 Cr | Mar 2026 ₹164 Cr | Jun 2026 —
- ACI: Sep 2021 ₹295 Cr | Dec 2021 ₹425 Cr | Mar 2022 ₹455 Cr | Jun 2022 ₹484 Cr | Sep 2022 ₹343 Cr | Dec 2022 ₹376 Cr | Mar 2023 ₹311 Cr | Jun 2023 ₹417 Cr | Sep 2023 ₹267 Cr | Dec 2023 ₹361 Cr | Mar 2024 ₹251 Cr | Jun 2024 ₹241 Cr | Sep 2024 ₹146 Cr | Dec 2024 ₹401 Cr | Mar 2025 ₹172 Cr | Jun 2025 ₹236 Cr | Sep 2025 ₹169 Cr | Dec 2025 ₹293 Cr | Mar 2026 ₹-481 Cr | Jun 2026 —
- WMK: Sep 2021 ₹29 Cr | Dec 2021 ₹23 Cr | Mar 2022 ₹31 Cr | Jun 2022 ₹36 Cr | Sep 2022 ₹29 Cr | Dec 2022 ₹29 Cr | Mar 2023 — | Jun 2023 ₹26 Cr | Sep 2023 ₹34 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹23 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹35 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹27 Cr | Sep 2025 ₹18 Cr | Dec 2025 ₹28 Cr | Mar 2026 ₹28 Cr | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 ₹66 Cr | Mar 2022 ₹69 Cr | Jun 2022 ₹68 Cr | Sep 2022 — | Dec 2022 ₹69 Cr | Mar 2023 ₹41 Cr | Jun 2023 ₹48 Cr | Sep 2023 ₹53 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹32 Cr | Jun 2024 ₹32 Cr | Sep 2024 — | Dec 2024 ₹17 Cr | Mar 2025 ₹15 Cr | Jun 2025 ₹26 Cr | Sep 2025 — | Dec 2025 ₹28 Cr | Mar 2026 ₹24 Cr | Jun 2026 —
- YSWY: Sep 2021 ₹16 Cr | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹-2 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹11 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹-6 Cr | Jun 2025 ₹24 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹20 Cr | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 ₹20 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹7 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹20 Cr | Dec 2022 ₹17 Cr | Mar 2023 — | Jun 2023 ₹14 Cr | Sep 2023 ₹24 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹24 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹-23 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹12 Cr | Dec 2025 — | Mar 2026 ₹-218 Cr | Jun 2026 ₹-180 Cr
- NGVC: Sep 2021 ₹7 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹12 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹13 Cr | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹-3 Cr | Sep 2022 ₹13 Cr | Dec 2022 ₹11 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹11 Cr | Sep 2023 ₹15 Cr | Dec 2023 — | Mar 2024 — | Jun 2024 ₹9 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹17 Cr | Jun 2025 ₹11 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹18 Cr | Jun 2026 ₹9 Cr
- DNUT: Sep 2021 ₹-15 Cr | Dec 2021 ₹-4 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹6 Cr | Sep 2022 ₹-2 Cr | Dec 2022 ₹-12 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹-40 Cr | Mar 2024 ₹-7 Cr | Jun 2024 ₹-5 Cr | Sep 2024 ₹38 Cr | Dec 2024 ₹-22 Cr | Mar 2025 ₹-33 Cr | Jun 2025 ₹-441 Cr | Sep 2025 ₹-20 Cr | Dec 2025 ₹-29 Cr | Mar 2026 ₹-23 Cr | Jun 2026 —

### 20-quarter Profit growth history
- KR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 56% | Dec 2022 -18% | Mar 2023 -21% | Jun 2023 44% | Sep 2023 -124% | Dec 2023 62% | Mar 2024 64% | Jun 2024 -0.6% | Sep 2024 — | Dec 2024 -4.6% | Mar 2025 -14% | Jun 2025 -9.2% | Sep 2025 31% | Dec 2025 -313% | Mar 2026 36% | Jun 2026 4.2%
- SFM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 1.6% | Dec 2022 3.1% | Mar 2023 25% | Jun 2023 -14% | Sep 2023 8.1% | Dec 2023 -1.5% | Mar 2024 153% | Jun 2024 25% | Sep 2024 37% | Dec 2024 23% | Mar 2025 58% | Jun 2025 41% | Sep 2025 30% | Dec 2025 13% | Mar 2026 -8.9% | Jun 2026 —
- ACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.8% | Sep 2022 16% | Dec 2022 -12% | Mar 2023 -32% | Jun 2023 -14% | Sep 2023 -22% | Dec 2023 -4.0% | Mar 2024 -19% | Jun 2024 -42% | Sep 2024 -45% | Dec 2024 11% | Mar 2025 -31% | Jun 2025 -2.1% | Sep 2025 16% | Dec 2025 -27% | Mar 2026 -380% | Jun 2026 —
- WMK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.1% | Sep 2022 0.0% | Dec 2022 26% | Mar 2023 — | Jun 2023 -28% | Sep 2023 17% | Dec 2023 -38% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 -24% | Dec 2024 94% | Mar 2025 -13% | Jun 2025 3.9% | Sep 2025 -31% | Dec 2025 -20% | Mar 2026 40% | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 22% | Mar 2022 33% | Jun 2022 -5.6% | Sep 2022 — | Dec 2022 4.6% | Mar 2023 -41% | Jun 2023 -29% | Sep 2023 — | Dec 2023 -38% | Mar 2024 -22% | Jun 2024 -33% | Sep 2024 — | Dec 2024 -60% | Mar 2025 -53% | Jun 2025 -19% | Sep 2025 — | Dec 2025 65% | Mar 2026 60% | Jun 2026 —
- YSWY: Sep 2021 45% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 167% | Sep 2025 45% | Dec 2025 300% | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 — | Jun 2023 17% | Sep 2023 20% | Dec 2023 -18% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 0.0% | Dec 2024 -86% | Mar 2025 — | Jun 2025 -64% | Sep 2025 -50% | Dec 2025 — | Mar 2026 — | Jun 2026 -3,700%
- NGVC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -20% | Sep 2022 -71% | Dec 2022 -56% | Mar 2023 0.0% | Jun 2023 75% | Sep 2023 200% | Dec 2023 100% | Mar 2024 33% | Jun 2024 29% | Sep 2024 50% | Dec 2024 25% | Mar 2025 63% | Jun 2025 33% | Sep 2025 33% | Dec 2025 10% | Mar 2026 0.0% | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 15% | Dec 2023 — | Mar 2024 — | Jun 2024 -18% | Sep 2024 0.0% | Dec 2024 — | Mar 2025 — | Jun 2025 22% | Sep 2025 6.7% | Dec 2025 -7.7% | Mar 2026 5.9% | Jun 2026 -18%
- DNUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -125% | Jun 2023 -67% | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -350% | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -153% | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: The Kroger Co. reports $1,293 million of CAPEX; Natural Grocers by Vitamin Cottage, Inc. has the highest covered intensity at 5.9%. Coverage is only 10 of 10 companies and 175 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: The Kroger Co. · $1,293 million | 147.7% versus #2 · Albertsons Companies, Inc. | 8/8 recent comparable periods | 10/10 companies · 175 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. The Kroger Co. (KR): ₹1.3K Cr
2. Albertsons Companies, Inc. (ACI): ₹522 Cr
3. Sprouts Farmers Market, Inc. (SFM): ₹101 Cr
4. Grocery Outlet Holding Corp. (GO): ₹53 Cr
5. Weis Markets, Inc. (WMK): ₹39 Cr

### CAPEX intensity — highest reinvestment intensity
1. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 5.9%
2. Yesway, Inc. (YSWY): 5.7%
3. Grocery Outlet Holding Corp. (GO): 4.5%
4. Sprouts Farmers Market, Inc. (SFM): 4.3%
5. Weis Markets, Inc. (WMK): 3.1%

### 20-quarter CAPEX history
- KR: Sep 2021 ₹499 Cr | Dec 2021 ₹689 Cr | Mar 2022 ₹606 Cr | Jun 2022 ₹745 Cr | Sep 2022 ₹685 Cr | Dec 2022 ₹831 Cr | Mar 2023 ₹817 Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹926 Cr | Dec 2023 ₹953 Cr | Mar 2024 ₹997 Cr | Jun 2024 ₹1.3K Cr | Sep 2024 ₹875 Cr | Dec 2024 ₹954 Cr | Mar 2025 ₹884 Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹924 Cr | Dec 2025 ₹941 Cr | Mar 2026 ₹946 Cr | Jun 2026 ₹1.3K Cr
- SFM: Sep 2021 ₹23 Cr | Dec 2021 ₹31 Cr | Mar 2022 ₹32 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹28 Cr | Mar 2023 ₹43 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹52 Cr | Dec 2023 ₹66 Cr | Mar 2024 ₹51 Cr | Jun 2024 ₹58 Cr | Sep 2024 ₹53 Cr | Dec 2024 ₹69 Cr | Mar 2025 ₹59 Cr | Jun 2025 ₹61 Cr | Sep 2025 ₹56 Cr | Dec 2025 ₹72 Cr | Mar 2026 ₹101 Cr | Jun 2026 —
- ACI: Sep 2021 ₹309 Cr | Dec 2021 ₹394 Cr | Mar 2022 ₹390 Cr | Jun 2022 ₹614 Cr | Sep 2022 ₹447 Cr | Dec 2022 ₹506 Cr | Mar 2023 ₹587 Cr | Jun 2023 ₹623 Cr | Sep 2023 ₹462 Cr | Dec 2023 ₹451 Cr | Mar 2024 ₹496 Cr | Jun 2024 ₹543 Cr | Sep 2024 ₹409 Cr | Dec 2024 ₹494 Cr | Mar 2025 ₹485 Cr | Jun 2025 ₹585 Cr | Sep 2025 ₹366 Cr | Dec 2025 ₹462 Cr | Mar 2026 ₹427 Cr | Jun 2026 ₹522 Cr
- WMK: Sep 2021 ₹40 Cr | Dec 2021 ₹34 Cr | Mar 2022 ₹19 Cr | Jun 2022 ₹35 Cr | Sep 2022 ₹30 Cr | Dec 2022 ₹39 Cr | Mar 2023 — | Jun 2023 ₹18 Cr | Sep 2023 ₹32 Cr | Dec 2023 ₹28 Cr | Mar 2024 ₹36 Cr | Jun 2024 ₹30 Cr | Sep 2024 ₹42 Cr | Dec 2024 ₹53 Cr | Mar 2025 ₹33 Cr | Jun 2025 ₹55 Cr | Sep 2025 ₹64 Cr | Dec 2025 ₹50 Cr | Mar 2026 ₹39 Cr | Jun 2026 —
- IMKTA: Sep 2021 ₹33 Cr | Dec 2021 ₹21 Cr | Mar 2022 ₹13 Cr | Jun 2022 ₹39 Cr | Sep 2022 ₹46 Cr | Dec 2022 ₹59 Cr | Mar 2023 ₹32 Cr | Jun 2023 ₹46 Cr | Sep 2023 ₹36 Cr | Dec 2023 ₹63 Cr | Mar 2024 ₹35 Cr | Jun 2024 ₹45 Cr | Sep 2024 ₹68 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹24 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹23 Cr | Dec 2025 ₹36 Cr | Mar 2026 ₹17 Cr | Jun 2026 —
- YSWY: Sep 2021 ₹21 Cr | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 ₹6 Cr | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 ₹39 Cr | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 ₹27 Cr | Dec 2021 ₹26 Cr | Mar 2022 ₹34 Cr | Jun 2022 ₹32 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹27 Cr | Mar 2023 — | Jun 2023 ₹33 Cr | Sep 2023 ₹33 Cr | Dec 2023 ₹56 Cr | Mar 2024 ₹46 Cr | Jun 2024 ₹39 Cr | Sep 2024 ₹42 Cr | Dec 2024 ₹59 Cr | Mar 2025 ₹60 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹39 Cr | Dec 2025 — | Mar 2026 ₹40 Cr | Jun 2026 ₹53 Cr
- NGVC: Sep 2021 ₹11 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹12 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹7 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹13 Cr | Dec 2023 ₹12 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹20 Cr | Jun 2026 —
- VLGEA: Sep 2021 ₹10 Cr | Dec 2021 ₹13 Cr | Mar 2022 ₹17 Cr | Jun 2022 ₹6 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹16 Cr | Jun 2025 ₹21 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹9 Cr | Jun 2026 ₹16 Cr
- DNUT: Sep 2021 ₹23 Cr | Dec 2021 ₹31 Cr | Mar 2022 ₹36 Cr | Jun 2022 ₹29 Cr | Sep 2022 ₹22 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹37 Cr | Jun 2023 ₹27 Cr | Sep 2023 ₹28 Cr | Dec 2023 ₹34 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹32 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹34 Cr | Mar 2025 ₹26 Cr | Jun 2025 ₹28 Cr | Sep 2025 ₹27 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹9 Cr | Jun 2026 —

### 20-quarter CAPEX intensity history
- KR: Sep 2021 1.6% | Dec 2021 2.2% | Mar 2022 1.8% | Jun 2022 1.7% | Sep 2022 2.0% | Dec 2022 2.4% | Mar 2023 2.3% | Jun 2023 2.3% | Sep 2023 2.7% | Dec 2023 2.8% | Mar 2024 2.7% | Jun 2024 2.9% | Sep 2024 2.6% | Dec 2024 2.8% | Mar 2025 2.6% | Jun 2025 2.3% | Sep 2025 2.7% | Dec 2025 2.8% | Mar 2026 2.7% | Jun 2026 2.8%
- SFM: Sep 2021 1.5% | Dec 2021 2.1% | Mar 2022 2.1% | Jun 2022 1.6% | Sep 2022 1.6% | Dec 2022 1.8% | Mar 2023 2.7% | Jun 2023 2.7% | Sep 2023 3.1% | Dec 2023 3.9% | Mar 2024 2.7% | Jun 2024 3.1% | Sep 2024 2.7% | Dec 2024 3.5% | Mar 2025 2.6% | Jun 2025 2.7% | Sep 2025 2.5% | Dec 2025 3.4% | Mar 2026 4.3% | Jun 2026 —
- ACI: Sep 2021 1.9% | Dec 2021 2.4% | Mar 2022 2.2% | Jun 2022 2.6% | Sep 2022 2.5% | Dec 2022 2.8% | Mar 2023 3.2% | Jun 2023 2.6% | Sep 2023 2.5% | Dec 2023 2.4% | Mar 2024 2.7% | Jun 2024 2.2% | Sep 2024 2.2% | Dec 2024 2.6% | Mar 2025 2.6% | Jun 2025 2.4% | Sep 2025 1.9% | Dec 2025 2.4% | Mar 2026 2.1% | Jun 2026 —
- WMK: Sep 2021 3.8% | Dec 2021 3.1% | Mar 2022 1.7% | Jun 2022 3.1% | Sep 2022 2.6% | Dec 2022 3.0% | Mar 2023 — | Jun 2023 1.6% | Sep 2023 2.7% | Dec 2023 2.3% | Mar 2024 3.0% | Jun 2024 2.5% | Sep 2024 3.5% | Dec 2024 4.3% | Mar 2025 2.7% | Jun 2025 4.5% | Sep 2025 5.2% | Dec 2025 3.9% | Mar 2026 3.1% | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 1.5% | Mar 2022 0.9% | Jun 2022 2.7% | Sep 2022 — | Dec 2022 4.0% | Mar 2023 2.3% | Jun 2023 3.2% | Sep 2023 2.3% | Dec 2023 4.3% | Mar 2024 2.6% | Jun 2024 3.2% | Sep 2024 — | Dec 2024 3.0% | Mar 2025 1.8% | Jun 2025 2.2% | Sep 2025 — | Dec 2025 2.6% | Mar 2026 1.3% | Jun 2026 —
- YSWY: Sep 2021 4.4% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 1.0% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 5.7% | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 3.5% | Dec 2021 3.4% | Mar 2022 4.3% | Jun 2022 3.9% | Sep 2022 2.9% | Dec 2022 2.9% | Mar 2023 — | Jun 2023 3.4% | Sep 2023 3.3% | Dec 2023 5.7% | Mar 2024 4.4% | Jun 2024 3.5% | Sep 2024 3.8% | Dec 2024 5.4% | Mar 2025 5.3% | Jun 2025 5.0% | Sep 2025 3.3% | Dec 2025 — | Mar 2026 3.3% | Jun 2026 4.5%
- NGVC: Sep 2021 4.0% | Dec 2021 1.8% | Mar 2022 2.2% | Jun 2022 1.9% | Sep 2022 4.4% | Dec 2022 3.6% | Mar 2023 2.5% | Jun 2023 2.1% | Sep 2023 4.4% | Dec 2023 4.0% | Mar 2024 3.2% | Jun 2024 2.9% | Sep 2024 2.2% | Dec 2024 3.0% | Mar 2025 1.8% | Jun 2025 2.1% | Sep 2025 2.4% | Dec 2025 3.0% | Mar 2026 5.9% | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.2% | Sep 2022 1.1% | Dec 2022 1.9% | Mar 2023 3.4% | Jun 2023 1.3% | Sep 2023 2.0% | Dec 2023 — | Mar 2024 — | Jun 2024 3.5% | Sep 2024 1.6% | Dec 2024 2.2% | Mar 2025 2.7% | Jun 2025 3.7% | Sep 2025 1.7% | Dec 2025 1.5% | Mar 2026 1.4% | Jun 2026 2.8%
- DNUT: Sep 2021 6.6% | Dec 2021 9.0% | Mar 2022 9.7% | Jun 2022 7.8% | Sep 2022 5.9% | Dec 2022 6.3% | Mar 2023 9.1% | Jun 2023 6.4% | Sep 2023 6.8% | Dec 2023 8.4% | Mar 2024 6.5% | Jun 2024 7.3% | Sep 2024 6.8% | Dec 2024 8.4% | Mar 2025 6.9% | Jun 2025 7.4% | Sep 2025 7.2% | Dec 2025 4.3% | Mar 2026 2.5% | Jun 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: Weis Markets, Inc. has the clearest covered balance-sheet capacity with $57 million net cash and gross debt of $174 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Weis Markets, Inc. · $174 million | 45.6% versus #2 · Village Super Market, Inc. | 8/8 recent comparable periods | 10/10 companies · 178 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Weis Markets, Inc. (WMK): ₹174 Cr
2. Village Super Market, Inc. (VLGEA): ₹320 Cr
3. Natural Grocers by Vitamin Cottage, Inc. (NGVC): ₹325 Cr
4. Ingles Markets, Incorporated (IMKTA): ₹530 Cr
5. Yesway, Inc. (YSWY): ₹981 Cr

### Net debt — lowest net debt
1. Weis Markets, Inc. (WMK): ₹-57 Cr
2. Ingles Markets, Incorporated (IMKTA): ₹112 Cr
3. Village Super Market, Inc. (VLGEA): ₹191 Cr
4. Natural Grocers by Vitamin Cottage, Inc. (NGVC): ₹304 Cr
5. Yesway, Inc. (YSWY): ₹944 Cr

### 20-quarter Gross debt history
- KR: Sep 2021 ₹21.2K Cr | Dec 2021 ₹20.7K Cr | Mar 2022 ₹20.4K Cr | Jun 2022 ₹20.8K Cr | Sep 2022 ₹20.4K Cr | Dec 2022 ₹20.3K Cr | Mar 2023 ₹20.4K Cr | Jun 2023 ₹20.5K Cr | Sep 2023 ₹19.8K Cr | Dec 2023 ₹19.8K Cr | Mar 2024 ₹19.2K Cr | Jun 2024 ₹19.3K Cr | Sep 2024 ₹19.4K Cr | Dec 2024 ₹29.8K Cr | Mar 2025 ₹25.1K Cr | Jun 2025 ₹25.2K Cr | Sep 2025 ₹25.2K Cr | Dec 2025 ₹25.2K Cr | Mar 2026 ₹24.7K Cr | Jun 2026 ₹24.2K Cr
- SFM: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.5K Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.5K Cr | Dec 2022 ₹1.5K Cr | Mar 2023 ₹1.5K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.7K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹1.6K Cr | Sep 2024 ₹1.7K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹1.9K Cr | Mar 2026 ₹2.1K Cr | Jun 2026 —
- ACI: Sep 2021 ₹14.4K Cr | Dec 2021 ₹14.1K Cr | Mar 2022 ₹14.0K Cr | Jun 2022 ₹14.1K Cr | Sep 2022 ₹14.0K Cr | Dec 2022 ₹15.2K Cr | Mar 2023 ₹15.0K Cr | Jun 2023 ₹14.5K Cr | Sep 2023 ₹14.7K Cr | Dec 2023 ₹14.7K Cr | Mar 2024 ₹14.2K Cr | Jun 2024 ₹14.1K Cr | Sep 2024 ₹14.2K Cr | Dec 2024 ₹14.2K Cr | Mar 2025 ₹14.2K Cr | Jun 2025 ₹14.3K Cr | Sep 2025 ₹14.6K Cr | Dec 2025 ₹15.4K Cr | Mar 2026 ₹15.3K Cr | Jun 2026 ₹15.7K Cr
- WMK: Sep 2021 ₹205 Cr | Dec 2021 ₹202 Cr | Mar 2022 ₹204 Cr | Jun 2022 ₹199 Cr | Sep 2022 ₹191 Cr | Dec 2022 ₹186 Cr | Mar 2023 — | Jun 2023 ₹184 Cr | Sep 2023 ₹182 Cr | Dec 2023 ₹183 Cr | Mar 2024 ₹175 Cr | Jun 2024 ₹183 Cr | Sep 2024 ₹176 Cr | Dec 2024 ₹173 Cr | Mar 2025 ₹168 Cr | Jun 2025 ₹169 Cr | Sep 2025 ₹175 Cr | Dec 2025 ₹172 Cr | Mar 2026 ₹174 Cr | Jun 2026 —
- IMKTA: Sep 2021 ₹632 Cr | Dec 2021 ₹627 Cr | Mar 2022 ₹622 Cr | Jun 2022 ₹616 Cr | Sep 2022 ₹613 Cr | Dec 2022 ₹608 Cr | Mar 2023 ₹599 Cr | Jun 2023 ₹596 Cr | Sep 2023 ₹595 Cr | Dec 2023 ₹590 Cr | Mar 2024 ₹582 Cr | Jun 2024 ₹576 Cr | Sep 2024 ₹565 Cr | Dec 2024 ₹558 Cr | Mar 2025 ₹553 Cr | Jun 2025 ₹548 Cr | Sep 2025 ₹544 Cr | Dec 2025 ₹539 Cr | Mar 2026 ₹530 Cr | Jun 2026 —
- YSWY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹771 Cr | Dec 2023 ₹771 Cr | Mar 2024 — | Jun 2024 — | Sep 2024 ₹944 Cr | Dec 2024 ₹944 Cr | Mar 2025 — | Jun 2025 — | Sep 2025 ₹991 Cr | Dec 2025 ₹981 Cr | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 ₹1.4K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹1.4K Cr | Mar 2023 — | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 — | Mar 2026 ₹1.8K Cr | Jun 2026 ₹1.8K Cr
- NGVC: Sep 2021 ₹402 Cr | Dec 2021 ₹398 Cr | Mar 2022 ₹393 Cr | Jun 2022 ₹401 Cr | Sep 2022 ₹393 Cr | Dec 2022 ₹385 Cr | Mar 2023 ₹373 Cr | Jun 2023 ₹377 Cr | Sep 2023 ₹370 Cr | Dec 2023 ₹382 Cr | Mar 2024 ₹367 Cr | Jun 2024 ₹365 Cr | Sep 2024 ₹347 Cr | Dec 2024 ₹347 Cr | Mar 2025 ₹336 Cr | Jun 2025 ₹335 Cr | Sep 2025 ₹332 Cr | Dec 2025 ₹325 Cr | Mar 2026 ₹325 Cr | Jun 2026 —
- VLGEA: Sep 2021 ₹400 Cr | Dec 2021 ₹391 Cr | Mar 2022 ₹391 Cr | Jun 2022 ₹406 Cr | Sep 2022 ₹404 Cr | Dec 2022 ₹333 Cr | Mar 2023 ₹404 Cr | Jun 2023 ₹395 Cr | Sep 2023 ₹393 Cr | Dec 2023 ₹386 Cr | Mar 2024 ₹378 Cr | Jun 2024 ₹373 Cr | Sep 2024 ₹372 Cr | Dec 2024 ₹363 Cr | Mar 2025 ₹359 Cr | Jun 2025 ₹348 Cr | Sep 2025 ₹341 Cr | Dec 2025 ₹332 Cr | Mar 2026 ₹329 Cr | Jun 2026 ₹320 Cr
- DNUT: Sep 2021 ₹1.6K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 —

### 20-quarter Net debt history
- KR: Sep 2021 ₹17.9K Cr | Dec 2021 ₹17.3K Cr | Mar 2022 ₹17.5K Cr | Jun 2022 ₹18.3K Cr | Sep 2022 ₹18.2K Cr | Dec 2022 ₹18.1K Cr | Mar 2023 ₹18.3K Cr | Jun 2023 ₹16.7K Cr | Sep 2023 ₹16.3K Cr | Dec 2023 ₹16.9K Cr | Mar 2024 ₹16.1K Cr | Jun 2024 ₹15.2K Cr | Sep 2024 ₹15.5K Cr | Dec 2024 ₹15.3K Cr | Mar 2025 ₹19.8K Cr | Jun 2025 ₹19.3K Cr | Sep 2025 ₹19.2K Cr | Dec 2025 ₹20.1K Cr | Mar 2026 ₹20.1K Cr | Jun 2026 ₹20.1K Cr
- SFM: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 ₹1.8K Cr | Jun 2026 —
- ACI: Sep 2021 ₹11.6K Cr | Dec 2021 ₹11.5K Cr | Mar 2022 ₹11.1K Cr | Jun 2022 ₹10.9K Cr | Sep 2022 ₹10.6K Cr | Dec 2022 ₹10.8K Cr | Mar 2023 ₹14.5K Cr | Jun 2023 ₹14.3K Cr | Sep 2023 ₹14.4K Cr | Dec 2023 ₹14.5K Cr | Mar 2024 ₹14.1K Cr | Jun 2024 ₹13.9K Cr | Sep 2024 ₹13.9K Cr | Dec 2024 ₹14.0K Cr | Mar 2025 ₹13.9K Cr | Jun 2025 ₹14.2K Cr | Sep 2025 ₹14.3K Cr | Dec 2025 ₹15.2K Cr | Mar 2026 ₹15.1K Cr | Jun 2026 ₹15.4K Cr
- WMK: Sep 2021 ₹-111 Cr | Dec 2021 ₹-117 Cr | Mar 2022 ₹-112 Cr | Jun 2022 ₹-124 Cr | Sep 2022 ₹-146 Cr | Dec 2022 ₹-181 Cr | Mar 2023 — | Jun 2023 ₹-168 Cr | Sep 2023 ₹-200 Cr | Dec 2023 ₹-254 Cr | Mar 2024 ₹-252 Cr | Jun 2024 ₹-245 Cr | Sep 2024 ₹-236 Cr | Dec 2024 ₹-240 Cr | Mar 2025 ₹-200 Cr | Jun 2025 ₹-51 Cr | Sep 2025 ₹-35 Cr | Dec 2025 ₹-76 Cr | Mar 2026 ₹-57 Cr | Jun 2026 —
- IMKTA: Sep 2021 ₹557 Cr | Dec 2021 ₹484 Cr | Mar 2022 ₹441 Cr | Jun 2022 ₹375 Cr | Sep 2022 ₹346 Cr | Dec 2022 ₹352 Cr | Mar 2023 ₹349 Cr | Jun 2023 ₹315 Cr | Sep 2023 ₹266 Cr | Dec 2023 ₹315 Cr | Mar 2024 ₹280 Cr | Jun 2024 ₹221 Cr | Sep 2024 ₹211 Cr | Dec 2024 ₹288 Cr | Mar 2025 ₹256 Cr | Jun 2025 ₹212 Cr | Sep 2025 ₹178 Cr | Dec 2025 ₹177 Cr | Mar 2026 ₹112 Cr | Jun 2026 —
- YSWY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹751 Cr | Dec 2023 ₹751 Cr | Mar 2024 — | Jun 2024 — | Sep 2024 ₹911 Cr | Dec 2024 ₹911 Cr | Mar 2025 — | Jun 2025 — | Sep 2025 ₹943 Cr | Dec 2025 ₹944 Cr | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 — | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 — | Mar 2026 ₹1.7K Cr | Jun 2026 ₹1.8K Cr
- NGVC: Sep 2021 ₹378 Cr | Dec 2021 ₹373 Cr | Mar 2022 ₹364 Cr | Jun 2022 ₹381 Cr | Sep 2022 ₹381 Cr | Dec 2022 ₹368 Cr | Mar 2023 ₹354 Cr | Jun 2023 ₹368 Cr | Sep 2023 ₹352 Cr | Dec 2023 ₹368 Cr | Mar 2024 ₹356 Cr | Jun 2024 ₹351 Cr | Sep 2024 ₹338 Cr | Dec 2024 ₹341 Cr | Mar 2025 ₹315 Cr | Jun 2025 ₹322 Cr | Sep 2025 ₹315 Cr | Dec 2025 ₹302 Cr | Mar 2026 ₹304 Cr | Jun 2026 —
- VLGEA: Sep 2021 ₹284 Cr | Dec 2021 ₹286 Cr | Mar 2022 ₹265 Cr | Jun 2022 ₹286 Cr | Sep 2022 ₹269 Cr | Dec 2022 ₹214 Cr | Mar 2023 ₹280 Cr | Jun 2023 ₹270 Cr | Sep 2023 ₹252 Cr | Dec 2023 ₹251 Cr | Mar 2024 ₹245 Cr | Jun 2024 ₹259 Cr | Sep 2024 ₹255 Cr | Dec 2024 ₹246 Cr | Mar 2025 ₹225 Cr | Jun 2025 ₹233 Cr | Sep 2025 ₹230 Cr | Dec 2025 ₹214 Cr | Mar 2026 ₹169 Cr | Jun 2026 ₹191 Cr
- DNUT: Sep 2021 ₹1.6K Cr | Dec 2021 ₹1.1K Cr | Mar 2022 ₹1.1K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Sprouts Farmers Market, Inc. leads ROCE at 6.7%, 0.2 percentage points above Yesway, Inc.. Weis Markets, Inc. has the strongest latest improvement at +0.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Sprouts Farmers Market, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Sprouts Farmers Market, Inc. · 6.7% | 3.1% versus #2 · Yesway, Inc. | 7/8 recent comparable periods | 10/10 companies · 175 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Sprouts Farmers Market, Inc. (SFM): 6.7%
2. Yesway, Inc. (YSWY): 6.5%
3. The Kroger Co. (KR): 4.1%
4. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 3.6%
5. Weis Markets, Inc. (WMK): 2.1%

### ROCE change — fastest improvers
1. Weis Markets, Inc. (WMK): +0.8 pp
2. Yesway, Inc. (YSWY): +0.8 pp
3. Krispy Kreme, Inc. (DNUT): +0.6 pp
4. Ingles Markets, Incorporated (IMKTA): +0.5 pp
5. The Kroger Co. (KR): +0.4 pp

### 20-quarter ROCE history
- KR: Sep 2021 — | Dec 2021 2.6% | Mar 2022 2.9% | Jun 2022 4.5% | Sep 2022 2.9% | Dec 2022 2.6% | Mar 2023 2.5% | Jun 2023 4.5% | Sep 2023 -1.5% | Dec 2023 2.7% | Mar 2024 3.6% | Jun 2024 3.8% | Sep 2024 2.4% | Dec 2024 2.1% | Mar 2025 2.6% | Jun 2025 3.7% | Sep 2025 2.4% | Dec 2025 -3.9% | Mar 2026 3.6% | Jun 2026 4.1%
- SFM: Sep 2021 — | Dec 2021 3.7% | Mar 2022 2.2% | Jun 2022 4.9% | Sep 2022 3.6% | Dec 2022 3.7% | Mar 2023 2.5% | Jun 2023 4.0% | Sep 2023 3.6% | Dec 2023 3.3% | Mar 2024 5.4% | Jun 2024 4.6% | Sep 2024 4.3% | Dec 2024 3.7% | Mar 2025 7.7% | Jun 2025 6.1% | Sep 2025 5.1% | Dec 2025 3.9% | Mar 2026 6.7% | Jun 2026 —
- ACI: Sep 2021 2.4% | Dec 2021 3.0% | Mar 2022 3.4% | Jun 2022 3.8% | Sep 2022 2.6% | Dec 2022 3.1% | Mar 2023 2.3% | Jun 2023 3.2% | Sep 2023 2.3% | Dec 2023 3.2% | Mar 2024 2.3% | Jun 2024 2.5% | Sep 2024 1.6% | Dec 2024 2.7% | Mar 2025 1.4% | Jun 2025 2.4% | Sep 2025 1.6% | Dec 2025 2.5% | Mar 2026 -2.6% | Jun 2026 1.4%
- WMK: Sep 2021 2.6% | Dec 2021 2.0% | Mar 2022 2.7% | Jun 2022 3.1% | Sep 2022 2.1% | Dec 2022 2.1% | Mar 2023 — | Jun 2023 2.0% | Sep 2023 2.8% | Dec 2023 1.5% | Mar 2024 1.6% | Jun 2024 1.9% | Sep 2024 1.7% | Dec 2024 2.5% | Mar 2025 1.3% | Jun 2025 1.9% | Sep 2025 1.3% | Dec 2025 2.1% | Mar 2026 2.1% | Jun 2026 —
- IMKTA: Sep 2021 6.0% | Dec 2021 5.3% | Mar 2022 5.5% | Jun 2022 5.3% | Sep 2022 5.3% | Dec 2022 5.0% | Mar 2023 3.0% | Jun 2023 3.4% | Sep 2023 3.5% | Dec 2023 2.8% | Mar 2024 2.1% | Jun 2024 2.0% | Sep 2024 -0.1% | Dec 2024 1.1% | Mar 2025 1.0% | Jun 2025 1.7% | Sep 2025 1.6% | Dec 2025 1.7% | Mar 2026 1.5% | Jun 2026 —
- YSWY: Sep 2021 4.3% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 1.3% | Dec 2024 1.1% | Mar 2025 — | Jun 2025 — | Sep 2025 2.0% | Dec 2025 1.9% | Mar 2026 6.5% | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 1.1% | Mar 2022 0.7% | Jun 2022 0.8% | Sep 2022 1.1% | Dec 2022 1.0% | Mar 2023 — | Jun 2023 1.3% | Sep 2023 1.5% | Dec 2023 0.7% | Mar 2024 0.0% | Jun 2024 1.0% | Sep 2024 1.5% | Dec 2024 0.4% | Mar 2025 -0.8% | Jun 2025 0.5% | Sep 2025 0.8% | Dec 2025 — | Mar 2026 -8.5% | Jun 2026 -6.5%
- NGVC: Sep 2021 1.7% | Dec 2021 2.3% | Mar 2022 1.7% | Jun 2022 1.1% | Sep 2022 0.7% | Dec 2022 1.2% | Mar 2023 1.6% | Jun 2023 1.7% | Sep 2023 1.5% | Dec 2023 2.1% | Mar 2024 2.2% | Jun 2024 2.5% | Sep 2024 2.4% | Dec 2024 2.7% | Mar 2025 3.5% | Jun 2025 3.1% | Sep 2025 3.1% | Dec 2025 2.9% | Mar 2026 3.6% | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 0.0% | Mar 2022 0.0% | Jun 2022 -0.6% | Sep 2022 2.4% | Dec 2022 2.0% | Mar 2023 2.1% | Jun 2023 1.8% | Sep 2023 2.6% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 1.3% | Sep 2024 2.4% | Dec 2024 2.0% | Mar 2025 2.8% | Jun 2025 1.7% | Sep 2025 2.5% | Dec 2025 1.9% | Mar 2026 2.8% | Jun 2026 1.0%
- DNUT: Sep 2021 — | Dec 2021 0.1% | Mar 2022 0.6% | Jun 2022 0.7% | Sep 2022 0.3% | Dec 2022 0.0% | Mar 2023 0.2% | Jun 2023 0.6% | Sep 2023 0.2% | Dec 2023 -0.1% | Mar 2024 0.4% | Jun 2024 0.3% | Sep 2024 -0.6% | Dec 2024 -0.4% | Mar 2025 -0.8% | Jun 2025 -18% | Sep 2025 -0.3% | Dec 2025 -0.3% | Mar 2026 -0.2% | Jun 2026 —

### 20-quarter ROCE change history
- KR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.0 pp | Mar 2023 −0.4 pp | Jun 2023 0.0 pp | Sep 2023 −4.4 pp | Dec 2023 +0.1 pp | Mar 2024 +1.1 pp | Jun 2024 −0.7 pp | Sep 2024 +3.9 pp | Dec 2024 −0.6 pp | Mar 2025 −1.0 pp | Jun 2025 −0.1 pp | Sep 2025 0.0 pp | Dec 2025 −6.0 pp | Mar 2026 +1.0 pp | Jun 2026 +0.4 pp
- SFM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.0 pp | Mar 2023 +0.3 pp | Jun 2023 −0.9 pp | Sep 2023 0.0 pp | Dec 2023 −0.4 pp | Mar 2024 +2.9 pp | Jun 2024 +0.6 pp | Sep 2024 +0.7 pp | Dec 2024 +0.4 pp | Mar 2025 +2.3 pp | Jun 2025 +1.5 pp | Sep 2025 +0.8 pp | Dec 2025 +0.2 pp | Mar 2026 −1.0 pp | Jun 2026 —
- ACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 +0.1 pp | Mar 2023 −1.1 pp | Jun 2023 −0.6 pp | Sep 2023 −0.3 pp | Dec 2023 +0.1 pp | Mar 2024 0.0 pp | Jun 2024 −0.7 pp | Sep 2024 −0.7 pp | Dec 2024 −0.5 pp | Mar 2025 −0.9 pp | Jun 2025 −0.1 pp | Sep 2025 0.0 pp | Dec 2025 −0.2 pp | Mar 2026 −4.0 pp | Jun 2026 −1.0 pp
- WMK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 +0.1 pp | Mar 2023 — | Jun 2023 −1.1 pp | Sep 2023 +0.7 pp | Dec 2023 −0.6 pp | Mar 2024 — | Jun 2024 −0.1 pp | Sep 2024 −1.1 pp | Dec 2024 +1.0 pp | Mar 2025 −0.3 pp | Jun 2025 0.0 pp | Sep 2025 −0.4 pp | Dec 2025 −0.4 pp | Mar 2026 +0.8 pp | Jun 2026 —
- IMKTA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 −0.3 pp | Mar 2023 −2.5 pp | Jun 2023 −1.9 pp | Sep 2023 −1.8 pp | Dec 2023 −2.2 pp | Mar 2024 −0.9 pp | Jun 2024 −1.4 pp | Sep 2024 −3.6 pp | Dec 2024 −1.7 pp | Mar 2025 −1.1 pp | Jun 2025 −0.3 pp | Sep 2025 +1.7 pp | Dec 2025 +0.6 pp | Mar 2026 +0.5 pp | Jun 2026 —
- YSWY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +1.3 pp | Dec 2024 +1.1 pp | Mar 2025 — | Jun 2025 — | Sep 2025 +0.7 pp | Dec 2025 +0.8 pp | Mar 2026 — | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.1 pp | Mar 2023 — | Jun 2023 +0.5 pp | Sep 2023 +0.4 pp | Dec 2023 −0.3 pp | Mar 2024 — | Jun 2024 −0.3 pp | Sep 2024 0.0 pp | Dec 2024 −0.3 pp | Mar 2025 −0.8 pp | Jun 2025 −0.5 pp | Sep 2025 −0.7 pp | Dec 2025 — | Mar 2026 −7.7 pp | Jun 2026 −7.0 pp
- NGVC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.0 pp | Dec 2022 −1.1 pp | Mar 2023 −0.1 pp | Jun 2023 +0.6 pp | Sep 2023 +0.8 pp | Dec 2023 +0.9 pp | Mar 2024 +0.6 pp | Jun 2024 +0.8 pp | Sep 2024 +0.9 pp | Dec 2024 +0.6 pp | Mar 2025 +1.3 pp | Jun 2025 +0.6 pp | Sep 2025 +0.7 pp | Dec 2025 +0.2 pp | Mar 2026 +0.1 pp | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +2.0 pp | Mar 2023 +2.1 pp | Jun 2023 +2.4 pp | Sep 2023 +0.2 pp | Dec 2023 −2.0 pp | Mar 2024 −2.1 pp | Jun 2024 −0.5 pp | Sep 2024 −0.2 pp | Dec 2024 +2.0 pp | Mar 2025 +2.8 pp | Jun 2025 +0.4 pp | Sep 2025 +0.1 pp | Dec 2025 −0.1 pp | Mar 2026 0.0 pp | Jun 2026 −0.7 pp
- DNUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.1 pp | Mar 2023 −0.4 pp | Jun 2023 −0.1 pp | Sep 2023 −0.1 pp | Dec 2023 −0.1 pp | Mar 2024 +0.2 pp | Jun 2024 −0.3 pp | Sep 2024 −0.8 pp | Dec 2024 −0.3 pp | Mar 2025 −1.2 pp | Jun 2025 −18.0 pp | Sep 2025 +0.3 pp | Dec 2025 +0.1 pp | Mar 2026 +0.6 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Natural Grocers by Vitamin Cottage, Inc. has the lowest comparable Guarded PEG at 0.74×, 14.9% below Sprouts Farmers Market, Inc.. Only 4 of 10 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Natural Grocers by Vitamin Cottage, Inc. · 0.74× | 14.9% versus #2 · Sprouts Farmers Market, Inc. | 0/8 recent comparable periods | 4/10 companies · 29 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 0.7
2. Sprouts Farmers Market, Inc. (SFM): 0.9
3. The Kroger Co. (KR): 1.5
4. Weis Markets, Inc. (WMK): 3.3

### P/E — lowest P/E
1. Village Super Market, Inc. (VLGEA): 11.5
2. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 12.4
3. Sprouts Farmers Market, Inc. (SFM): 14.9
4. Ingles Markets, Incorporated (IMKTA): 16.1
5. Weis Markets, Inc. (WMK): 16.6

### 20-quarter Guarded PEG history
- KR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.7 | Sep 2023 — | Dec 2023 — | Mar 2024 2.2 | Jun 2024 — | Sep 2024 — | Dec 2024 0.2 | Mar 2025 1.5 | Jun 2025 1.5 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SFM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 2.4 | Sep 2023 2.0 | Dec 2023 2.7 | Mar 2024 0.7 | Jun 2024 0.6 | Sep 2024 0.6 | Dec 2024 0.6 | Mar 2025 0.8 | Jun 2025 0.7 | Sep 2025 0.5 | Dec 2025 0.4 | Mar 2026 0.9 | Jun 2026 —
- WMK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 3.6 | Sep 2025 2.4 | Dec 2025 — | Mar 2026 3.3 | Jun 2026 —
- NGVC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.3 | Dec 2023 — | Mar 2024 — | Jun 2024 0.3 | Sep 2024 0.5 | Dec 2024 0.7 | Mar 2025 0.6 | Jun 2025 0.5 | Sep 2025 0.6 | Dec 2025 0.4 | Mar 2026 0.7 | Jun 2026 —

### 20-quarter P/E history
- KR: Sep 2021 — | Dec 2021 31.8 | Mar 2022 20.1 | Jun 2022 16.8 | Sep 2022 14.4 | Dec 2022 14.5 | Mar 2023 14.7 | Jun 2023 14.2 | Sep 2023 21.9 | Dec 2023 17.7 | Mar 2024 15.6 | Jun 2024 16.3 | Sep 2024 12.8 | Dec 2024 14.6 | Mar 2025 16.8 | Jun 2025 18.6 | Sep 2025 17.7 | Dec 2025 60.1 | Mar 2026 40.8 | Jun 2026 38.0
- SFM: Sep 2021 — | Dec 2021 9.3 | Mar 2022 14.1 | Jun 2022 14.8 | Sep 2022 11.5 | Dec 2022 12.1 | Mar 2023 13.5 | Jun 2023 15.0 | Sep 2023 15.2 | Dec 2023 17.5 | Mar 2024 22.2 | Jun 2024 26.2 | Sep 2024 31.2 | Dec 2024 34.3 | Mar 2025 33.2 | Jun 2025 33.4 | Sep 2025 21.3 | Dec 2025 15.0 | Mar 2026 14.9 | Jun 2026 —
- ACI: Sep 2021 26.6 | Dec 2021 21.4 | Mar 2022 8.5 | Jun 2022 8.8 | Sep 2022 9.3 | Dec 2022 6.8 | Mar 2023 7.0 | Jun 2023 8.5 | Sep 2023 9.9 | Dec 2023 9.3 | Mar 2024 9.6 | Jun 2024 10.4 | Sep 2024 10.8 | Dec 2024 11.2 | Mar 2025 12.5 | Jun 2025 12.9 | Sep 2025 11.3 | Dec 2025 11.8 | Mar 2026 44.8 | Jun 2026 168.1
- WMK: Sep 2021 13.0 | Dec 2021 16.0 | Mar 2022 17.2 | Jun 2022 16.9 | Sep 2022 16.3 | Dec 2022 17.7 | Mar 2023 — | Jun 2023 19.0 | Sep 2023 14.7 | Dec 2023 17.1 | Mar 2024 17.7 | Jun 2024 18.7 | Sep 2024 19.9 | Dec 2024 17.3 | Mar 2025 19.7 | Jun 2025 18.3 | Sep 2025 19.5 | Dec 2025 17.8 | Mar 2026 16.6 | Jun 2026 —
- IMKTA: Sep 2021 5.1 | Dec 2021 6.4 | Mar 2022 6.3 | Jun 2022 6.0 | Sep 2022 5.7 | Dec 2022 6.8 | Mar 2023 6.8 | Jun 2023 7.0 | Sep 2023 6.8 | Dec 2023 8.9 | Mar 2024 8.3 | Jun 2024 8.2 | Sep 2024 13.4 | Dec 2024 15.8 | Mar 2025 19.6 | Jun 2025 21.1 | Sep 2025 15.6 | Dec 2025 13.9 | Mar 2026 16.1 | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 26.7 | Mar 2022 44.9 | Jun 2022 60.8 | Sep 2022 77.7 | Dec 2022 59.5 | Mar 2023 — | Jun 2023 42.2 | Sep 2023 43.1 | Dec 2023 34.1 | Mar 2024 45.0 | Jun 2024 41.0 | Sep 2024 34.7 | Dec 2024 38.7 | Mar 2025 82.8 | Jun 2025 180.4 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- NGVC: Sep 2021 12.3 | Dec 2021 12.5 | Mar 2022 16.2 | Jun 2022 13.8 | Sep 2022 11.5 | Dec 2022 12.5 | Mar 2023 16.6 | Jun 2023 14.4 | Sep 2023 12.7 | Dec 2023 13.7 | Mar 2024 14.3 | Jun 2024 15.7 | Sep 2024 20.2 | Dec 2024 25.3 | Mar 2025 22.6 | Jun 2025 20.9 | Sep 2025 20.0 | Dec 2025 12.2 | Mar 2026 12.4 | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 13.6 | Mar 2022 11.0 | Jun 2022 14.3 | Sep 2022 12.3 | Dec 2022 10.6 | Mar 2023 10.1 | Jun 2023 6.8 | Sep 2023 6.9 | Dec 2023 7.1 | Mar 2024 7.4 | Jun 2024 8.1 | Sep 2024 9.0 | Dec 2024 8.6 | Mar 2025 9.1 | Jun 2025 9.3 | Sep 2025 9.4 | Dec 2025 8.7 | Mar 2026 9.2 | Jun 2026 11.5
- DNUT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 64.2 | Dec 2024 489.0 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: Weis Markets, Inc. leads ev/ebitda at 6.45×; Krispy Kreme, Inc. leads p/bv at 0.88×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Weis Markets, Inc. · 6.45× | 4.3% versus #2 · Ingles Markets, Incorporated | 0/8 recent comparable periods | 9/10 companies · 161 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Weis Markets, Inc. (WMK): 6.5
2. Ingles Markets, Incorporated (IMKTA): 6.7
3. Albertsons Companies, Inc. (ACI): 6.9
4. Village Super Market, Inc. (VLGEA): 7.9
5. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 9.4

### P/BV — lowest P/BV
1. Krispy Kreme, Inc. (DNUT): 0.9
2. Grocery Outlet Holding Corp. (GO): 0.9
3. Ingles Markets, Incorporated (IMKTA): 1.0
4. Village Super Market, Inc. (VLGEA): 1.2
5. Weis Markets, Inc. (WMK): 1.2

### 20-quarter EV/EBITDA history
- KR: Sep 2021 — | Dec 2021 8.4 | Mar 2022 7.1 | Jun 2022 7.0 | Sep 2022 6.7 | Dec 2022 6.6 | Mar 2023 6.6 | Jun 2023 6.8 | Sep 2023 8.1 | Dec 2023 7.7 | Mar 2024 7.2 | Jun 2024 8.0 | Sep 2024 6.7 | Dec 2024 7.4 | Mar 2025 7.9 | Jun 2025 8.3 | Sep 2025 8.3 | Dec 2025 11.2 | Mar 2026 10.3 | Jun 2026 10.0
- SFM: Sep 2021 — | Dec 2021 7.4 | Mar 2022 9.9 | Jun 2022 10.2 | Sep 2022 8.5 | Dec 2022 8.7 | Mar 2023 9.6 | Jun 2023 10.6 | Sep 2023 10.7 | Dec 2023 12.0 | Mar 2024 14.8 | Jun 2024 17.3 | Sep 2024 20.1 | Dec 2024 22.0 | Mar 2025 22.0 | Jun 2025 22.2 | Sep 2025 14.9 | Dec 2025 11.1 | Mar 2026 10.9 | Jun 2026 —
- ACI: Sep 2021 7.8 | Dec 2021 7.7 | Mar 2022 5.6 | Jun 2022 5.4 | Sep 2022 5.5 | Dec 2022 4.6 | Mar 2023 5.4 | Jun 2023 5.8 | Sep 2023 6.2 | Dec 2023 6.0 | Mar 2024 5.9 | Jun 2024 5.8 | Sep 2024 5.8 | Dec 2024 6.1 | Mar 2025 6.4 | Jun 2025 6.4 | Sep 2025 6.1 | Dec 2025 6.1 | Mar 2026 7.1 | Jun 2026 6.9
- WMK: Sep 2021 5.3 | Dec 2021 6.5 | Mar 2022 7.3 | Jun 2022 7.2 | Sep 2022 7.0 | Dec 2022 7.8 | Mar 2023 — | Jun 2023 8.3 | Sep 2023 6.1 | Dec 2023 6.1 | Mar 2024 6.2 | Jun 2024 6.4 | Sep 2024 7.2 | Dec 2024 6.6 | Mar 2025 7.8 | Jun 2025 7.1 | Sep 2025 7.4 | Dec 2025 6.4 | Mar 2026 6.5 | Jun 2026 —
- IMKTA: Sep 2021 3.9 | Dec 2021 4.5 | Mar 2022 4.4 | Jun 2022 4.1 | Sep 2022 3.8 | Dec 2022 4.5 | Mar 2023 4.4 | Jun 2023 4.4 | Sep 2023 4.2 | Dec 2023 5.3 | Mar 2024 4.8 | Jun 2024 4.5 | Sep 2024 6.0 | Dec 2024 6.5 | Mar 2025 6.9 | Jun 2025 6.8 | Sep 2025 6.2 | Dec 2025 5.9 | Mar 2026 6.7 | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 19.7 | Mar 2022 25.2 | Jun 2022 28.9 | Sep 2022 33.8 | Dec 2022 27.7 | Mar 2023 — | Jun 2023 21.6 | Sep 2023 21.6 | Dec 2023 18.5 | Mar 2024 22.7 | Jun 2024 20.2 | Sep 2024 17.2 | Dec 2024 16.6 | Mar 2025 17.7 | Jun 2025 18.4 | Sep 2025 22.4 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- NGVC: Sep 2021 10.9 | Dec 2021 10.8 | Mar 2022 12.3 | Jun 2022 11.6 | Sep 2022 10.8 | Dec 2022 11.0 | Mar 2023 11.9 | Jun 2023 11.6 | Sep 2023 10.7 | Dec 2023 11.2 | Mar 2024 11.2 | Jun 2024 11.4 | Sep 2024 13.1 | Dec 2024 15.5 | Mar 2025 14.2 | Jun 2025 13.5 | Sep 2025 13.2 | Dec 2025 9.2 | Mar 2026 9.4 | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 17.3 | Mar 2022 16.8 | Jun 2022 17.9 | Sep 2022 8.1 | Dec 2022 15.4 | Mar 2023 7.6 | Jun 2023 6.0 | Sep 2023 5.9 | Dec 2023 17.0 | Mar 2024 17.7 | Jun 2024 6.8 | Sep 2024 7.2 | Dec 2024 19.3 | Mar 2025 6.9 | Jun 2025 7.0 | Sep 2025 7.0 | Dec 2025 6.5 | Mar 2026 6.3 | Jun 2026 7.9
- DNUT: Sep 2021 — | Dec 2021 29.4 | Mar 2022 30.9 | Jun 2022 24.0 | Sep 2022 23.3 | Dec 2022 21.3 | Mar 2023 21.8 | Jun 2023 29.0 | Sep 2023 28.5 | Dec 2023 25.4 | Mar 2024 28.8 | Jun 2024 22.6 | Sep 2024 23.7 | Dec 2024 24.2 | Mar 2025 24.9 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/BV history
- KR: Sep 2021 — | Dec 2021 3.3 | Mar 2022 3.4 | Jun 2022 3.7 | Sep 2022 3.5 | Dec 2022 3.3 | Mar 2023 3.2 | Jun 2023 3.3 | Sep 2023 3.3 | Dec 2023 2.9 | Mar 2024 2.9 | Jun 2024 3.1 | Sep 2024 3.1 | Dec 2024 3.4 | Mar 2025 4.9 | Jun 2025 5.1 | Sep 2025 5.0 | Dec 2025 5.9 | Mar 2026 6.7 | Jun 2026 5.9
- SFM: Sep 2021 — | Dec 2021 2.6 | Mar 2022 3.4 | Jun 2022 3.5 | Sep 2022 2.7 | Dec 2022 2.8 | Mar 2023 3.3 | Jun 2023 3.5 | Sep 2023 3.5 | Dec 2023 3.9 | Mar 2024 5.4 | Jun 2024 6.6 | Sep 2024 8.0 | Dec 2024 9.7 | Mar 2025 11.3 | Jun 2025 11.7 | Sep 2025 7.5 | Dec 2025 5.4 | Mar 2026 5.1 | Jun 2026 —
- ACI: Sep 2021 7.2 | Dec 2021 7.2 | Mar 2022 4.7 | Jun 2022 3.6 | Sep 2022 3.6 | Dec 2022 13.7 | Mar 2023 7.0 | Jun 2023 6.2 | Sep 2023 6.1 | Dec 2023 5.0 | Mar 2024 4.5 | Jun 2024 4.0 | Sep 2024 3.5 | Dec 2024 3.4 | Mar 2025 3.5 | Jun 2025 3.7 | Sep 2025 3.4 | Dec 2025 3.8 | Mar 2026 4.9 | Jun 2026 4.1
- WMK: Sep 2021 1.2 | Dec 2021 1.4 | Mar 2022 1.6 | Jun 2022 1.6 | Sep 2022 1.5 | Dec 2022 1.7 | Mar 2023 — | Jun 2023 1.7 | Sep 2023 1.3 | Dec 2023 1.3 | Mar 2024 1.3 | Jun 2024 1.2 | Sep 2024 1.3 | Dec 2024 1.2 | Mar 2025 1.4 | Jun 2025 1.3 | Sep 2025 1.3 | Dec 2025 1.0 | Mar 2026 1.2 | Jun 2026 —
- IMKTA: Sep 2021 1.3 | Dec 2021 1.6 | Mar 2022 1.6 | Jun 2022 1.4 | Sep 2022 1.2 | Dec 2022 1.4 | Mar 2023 1.2 | Jun 2023 1.1 | Sep 2023 1.0 | Dec 2023 1.1 | Mar 2024 1.0 | Jun 2024 0.8 | Sep 2024 0.9 | Dec 2024 0.8 | Mar 2025 0.8 | Jun 2025 0.8 | Sep 2025 0.8 | Dec 2025 0.8 | Mar 2026 1.0 | Jun 2026 —
- GO: Sep 2021 — | Dec 2021 2.1 | Mar 2022 2.7 | Jun 2022 3.2 | Sep 2022 4.0 | Dec 2022 3.0 | Mar 2023 — | Jun 2023 2.5 | Sep 2023 2.6 | Dec 2023 2.2 | Mar 2024 2.4 | Jun 2024 1.8 | Sep 2024 1.4 | Dec 2024 1.3 | Mar 2025 1.1 | Jun 2025 1.0 | Sep 2025 1.3 | Dec 2025 — | Mar 2026 1.0 | Jun 2026 0.9
- NGVC: Sep 2021 1.8 | Dec 2021 2.2 | Mar 2022 2.9 | Jun 2022 2.3 | Sep 2022 1.6 | Dec 2022 1.3 | Mar 2023 1.7 | Jun 2023 1.7 | Sep 2023 1.7 | Dec 2023 2.4 | Mar 2024 2.6 | Jun 2024 2.9 | Sep 2024 3.9 | Dec 2024 5.0 | Mar 2025 4.8 | Jun 2025 4.5 | Sep 2025 4.3 | Dec 2025 2.6 | Mar 2026 2.6 | Jun 2026 —
- VLGEA: Sep 2021 — | Dec 2021 0.9 | Mar 2022 0.9 | Jun 2022 0.9 | Sep 2022 0.9 | Dec 2022 0.8 | Mar 2023 0.8 | Jun 2023 0.8 | Sep 2023 0.8 | Dec 2023 0.9 | Mar 2024 0.9 | Jun 2024 0.9 | Sep 2024 1.0 | Dec 2024 1.0 | Mar 2025 1.0 | Jun 2025 1.1 | Sep 2025 1.1 | Dec 2025 1.0 | Mar 2026 1.0 | Jun 2026 1.2
- DNUT: Sep 2021 — | Dec 2021 1.9 | Mar 2022 2.6 | Jun 2022 1.9 | Sep 2022 1.9 | Dec 2022 1.7 | Mar 2023 1.5 | Jun 2023 2.2 | Sep 2023 2.1 | Dec 2023 1.8 | Mar 2024 2.2 | Jun 2024 1.6 | Sep 2024 1.6 | Dec 2024 1.5 | Mar 2025 0.8 | Jun 2025 0.7 | Sep 2025 0.9 | Dec 2025 1.1 | Mar 2026 0.9 | Jun 2026 —

## Market action

Ingles Markets, Incorporated has the strongest one-year price move in Grocery Stores at +42.4%. It also leads on Mansfield relative strength against the S&P 500 at +5.2%. 3 of 9 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

### Strongest one-year price performers
1. Ingles Markets, Incorporated (IMKTA): 42%
2. Village Super Market, Inc. (VLGEA): 28%
3. Weis Markets, Inc. (WMK): 5.6%
4. Krispy Kreme, Inc. (DNUT): -4.9%
5. Natural Grocers by Vitamin Cottage, Inc. (NGVC): -16%

### Strongest relative strength versus NIFTY 500
1. Ingles Markets, Incorporated (IMKTA): 5.2%
2. Village Super Market, Inc. (VLGEA): 4.7%
3. Weis Markets, Inc. (WMK): 0.8%
4. Natural Grocers by Vitamin Cottage, Inc. (NGVC): -2.0%
5. Krispy Kreme, Inc. (DNUT): -15%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

## Every company
- The Kroger Co. (KR) — market value ₹36.3K Cr; latest fundamentals Jun 2026
- Sprouts Farmers Market, Inc. (SFM) — market value ₹7.3K Cr; latest fundamentals Mar 2026
- Albertsons Companies, Inc. (ACI) — market value ₹5.7K Cr; latest fundamentals Jun 2026
- Weis Markets, Inc. (WMK) — market value ₹1.9K Cr; latest fundamentals Mar 2026
- Ingles Markets, Incorporated (IMKTA) — market value ₹1.7K Cr; latest fundamentals Mar 2026
- Yesway, Inc. (YSWY) — market value ₹1.3K Cr; latest fundamentals Mar 2026
- Grocery Outlet Holding Corp. (GO) — market value ₹902 Cr; latest fundamentals Jun 2026
- Natural Grocers by Vitamin Cottage, Inc. (NGVC) — market value ₹744 Cr; latest fundamentals Mar 2026
- Village Super Market, Inc. (VLGEA) — market value ₹645 Cr; latest fundamentals Jun 2026
- Krispy Kreme, Inc. (DNUT) — market value ₹564 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-28.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Which Grocery Stores company is the biggest?

The Kroger Co. is the largest, with trailing-twelve-month revenue of $148,645 million, ahead of Sprouts Farmers Market, Inc. at $8,899 million. That covers 6 of 10 companies with comparable reporting through Jun 2026.

### Which Grocery Stores company is growing fastest?

Sprouts Farmers Market, Inc. has the fastest revenue growth at 10.3% year on year, across 6 of 10 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Grocery Stores company has the best profit margins?

Sprouts Farmers Market, Inc. has the highest operating margin at 9.2%, from 9 of 10 comparable companies. Krispy Kreme, Inc. shows the biggest recent improvement, at +4.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Grocery Stores company makes the most profit?

The Kroger Co. earns the most, at $1,060 million of trailing-twelve-month net profit, from 6 of 10 comparable companies. Natural Grocers by Vitamin Cottage, Inc. has the fastest profit growth at 17.1%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Grocery Stores company earns the highest return on capital?

Sprouts Farmers Market, Inc. leads on return on capital employed at 6.7%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Grocery Stores stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Natural Grocers by Vitamin Cottage, Inc. screens cheapest at 0.74×. Only 4 of 10 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Grocery Stores company has the strongest balance sheet?

Weis Markets, Inc. carries the lowest comparable gross debt at $174 million, from 10 of 10 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Grocery Stores company is investing most in new capacity?

The Kroger Co. reports the largest capital spending at $1,293 million, across 10 of 10 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

### Is the Grocery Stores sector beating the market?

Grocery Stores has underperformed S&P 500 by 19.9% over the last 52 weeks and 8.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Grocery Stores stock has the strongest price momentum?

Ingles Markets, Incorporated has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Grocery Stores company scores highest for research priority?

Natural Grocers by Vitamin Cottage, Inc. scores 61.3 out of 100 with 76% evidence confidence, from 19.7 points on growth and earnings, 13.1 on capital efficiency, 16.1 on valuation and 12.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Grocery Stores companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals and 7 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Grocery Stores sector?

The 10 Grocery Stores companies on this page carry $56,961 million of combined market value. The Kroger Co. is the largest at $36,263 million, about 64% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

### What is the Grocery Stores sector's P/E ratio?

The median price-to-earnings ratio across the 10 Grocery Stores companies on this page is 16.6×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

### How is the Grocery Stores sector performing?

3 of the 9 covered Grocery Stores companies are beating S&P 500 on Mansfield relative strength. The sector itself is 19.9% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

### How many Grocery Stores stocks are listed in the US?

This comparison covers 10 listed Grocery Stores companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/grocery-stores