# Grocery Stores — company-by-company sector analysis

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

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Grocery Stores has underperformed S&P 500 by 21.5% over 52 weeks and 4.6% over 13 weeks. 2 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 5 of 10 comparable companies through Jun 2026.

## Sector relative strength

Grocery Stores has underperformed S&P 500 by 21.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 4.6%. 2 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 +11.9%.

13-week sector return versus NIFTY 500: -4.6%
52-week sector return versus NIFTY 500: -22%
Stocks leading NIFTY: 2/9
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: ₹57.3K 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): 60/100 — Mixed-positive evidence; evidence 75%
   - Growth & earnings 18.0/35 | Capital efficiency 13.5/25 | Valuation 16.1/20 | Relative strength 12.0/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 18 + 13.5 + 16.1 + 12 = 59.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Weis Markets, Inc. (WMK): 52/100 — Mixed-positive evidence; evidence 81%
   - Growth & earnings 19.2/35 | Capital efficiency 12.1/25 | Valuation 5.0/20 | Relative strength 15.7/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 4 of the last 12 weeks
   - Exact sum: 19.2 + 12.1 + 5 + 15.7 = 52
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Sprouts Farmers Market, Inc. (SFM): 52/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 14.7/35 | Capital efficiency 15.8/25 | Valuation 10.8/20 | Relative strength 10.7/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks
   - Exact sum: 14.7 + 15.8 + 10.8 + 10.7 = 52
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Village Super Market, Inc. (VLGEA): 45/100 — Mixed-negative evidence; evidence 75%
   - Growth & earnings 11.6/35 | Capital efficiency 7.8/25 | Valuation 11.5/20 | Relative strength 14.3/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 11.6 + 7.8 + 11.5 + 14.3 = 45.2
   - Decision use: Price leads the evidence: RS versus the benchmark is 2.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5. The Kroger Co. (KR): 38/100 — Mixed-negative evidence; evidence 85%
   - Growth & earnings 11.5/35 | Capital efficiency 12.5/25 | Valuation 10.7/20 | Relative strength 3.3/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 11.5 + 12.5 + 10.7 + 3.3 = 38
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Krispy Kreme, Inc. (DNUT): 35/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 17.6/35 | Capital efficiency 4.5/25 | Valuation 8.5/20 | Relative strength 4.1/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks
   - Exact sum: 17.6 + 4.5 + 8.5 + 4.1 = 34.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7. Albertsons Companies, Inc. (ACI): 31/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 13.6/35 | Capital efficiency 8.3/25 | Valuation 9.3/20 | Relative strength 0.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 13.6 + 8.3 + 9.3 + 0 = 31.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8. Grocery Outlet Holding Corp. (GO): 30/100 — Thin evidence · provisional; evidence 52%
   - Growth & earnings 10.4/35 | Capital efficiency 4.2/25 | Valuation 8.9/20 | Relative strength 6.4/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of the last 12 weeks
   - Exact sum: 10.4 + 4.2 + 8.9 + 6.4 = 29.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9. Ingles Markets, Incorporated (IMKTA): 58/100 — Thin evidence · provisional; evidence 47%
   - Growth & earnings 19.8/35 | Capital efficiency 10.9/25 | Valuation 10.4/20 | Relative strength 16.6/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 19.8 + 10.9 + 10.4 + 16.6 = 57.7
   - 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 24%
   - Growth & earnings 19.0/35 | Capital efficiency 13.4/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of 3 weeks with a reading, within the last 12
   - Exact sum: 19 + 13.4 + 10 + 10 = 52.4
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Ingles Markets, Incorporated has the strongest one-year price move in Grocery Stores at +49.8%. It also leads on Mansfield relative strength against the S&P 500 at +2.7%. 2 of 9 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Ingles Markets, Incorporated (IMKTA): 50%
2. Village Super Market, Inc. (VLGEA): 27%
3. Weis Markets, Inc. (WMK): 10%
4. Krispy Kreme, Inc. (DNUT): 0.0%
5. Natural Grocers by Vitamin Cottage, Inc. (NGVC): -18%

### Strongest relative strength versus NIFTY 500
1. Ingles Markets, Incorporated (IMKTA): 2.7%
2. Village Super Market, Inc. (VLGEA): 2.1%
3. Weis Markets, Inc. (WMK): -1.0%
4. Natural Grocers by Vitamin Cottage, Inc. (NGVC): -4.3%
5. Sprouts Farmers Market, Inc. (SFM): -14%

## Revenue Scale & Growth Durability

What the numbers say: The Kroger Co. is the scale leader at $148,645 million, 29.7× the revenue of Weis Markets, Inc.. Village Super Market, Inc.'s growth is 4.2% from a $2,397 million base, with 15 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; Village Super 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 Village Super Market, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: The Kroger Co. · $148,645 million | 29.7× versus #2 · Weis Markets, Inc. | 5/8 recent comparable periods | 5/10 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. Weis Markets, Inc. (WMK): ₹5.0K Cr
3. Village Super Market, Inc. (VLGEA): ₹2.4K Cr
4. Krispy Kreme, Inc. (DNUT): ₹1.5K Cr
5. Natural Grocers by Vitamin Cottage, Inc. (NGVC): ₹1.3K Cr

### Revenue growth — fastest growers
1. Village Super Market, Inc. (VLGEA): 4.2%
2. Weis Markets, Inc. (WMK): 4.2%
3. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 3.1%
4. The Kroger Co. (KR): 1.1%
5. Krispy Kreme, Inc. (DNUT): -5.3%

### 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, 10.5× the profit of Weis Markets, 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 | 10.5× versus #2 · Weis Markets, Inc. | 3/8 recent comparable periods | 5/10 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. Weis Markets, Inc. (WMK): ₹101 Cr
3. Village Super Market, Inc. (VLGEA): ₹55 Cr
4. Natural Grocers by Vitamin Cottage, Inc. (NGVC): ₹48 Cr
5. Krispy Kreme, Inc. (DNUT): ₹-513 Cr

### Profit growth — fastest growers
1. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 17%
2. Village Super Market, Inc. (VLGEA): -1.8%
3. Weis Markets, Inc. (WMK): -5.6%
4. 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 —

## Return On Capital Employed

What the numbers say: Yesway, Inc. leads ROCE at 6.5%, 1.5 percentage points above Sprouts Farmers Market, 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: Yesway, 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: Yesway, Inc. · 6.5% | 30% versus #2 · Sprouts Farmers Market, Inc. | 4/4 recent comparable periods | 10/10 companies · 176 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. Yesway, Inc. (YSWY): 6.5%
2. Sprouts Farmers Market, Inc. (SFM): 5.0%
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 5.0%
- 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 1.4% | Mar 2022 2.0% | 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 1.8% | Mar 2024 2.3% | 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 −1.1 pp
- 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 +0.6 pp | Mar 2023 +0.1 pp | Jun 2023 +2.4 pp | Sep 2023 +0.2 pp | Dec 2023 −0.2 pp | Mar 2024 +0.2 pp | Jun 2024 −0.5 pp | Sep 2024 −0.2 pp | Dec 2024 +0.2 pp | Mar 2025 +0.5 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 PEG at 0.74×, 50% below The Kroger Co.. Only 3 of 10 companies have earnings and growth steady enough for the ratio to mean anything, 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× | 50% versus #2 · The Kroger Co. | 0/8 recent comparable periods | 3/10 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Natural Grocers by Vitamin Cottage, Inc. (NGVC): 0.7
2. The Kroger Co. (KR): 1.5
3. 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): 15.7
4. Ingles Markets, Incorporated (IMKTA): 16.1
5. Weis Markets, Inc. (WMK): 16.6

### 20-quarter 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 15.7
- 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 —


## 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 ₹35.4K Cr; latest fundamentals Jun 2026
- Sprouts Farmers Market, Inc. (SFM) — market value ₹8.0K Cr; latest fundamentals Jun 2026
- Albertsons Companies, Inc. (ACI) — market value ₹5.9K 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 ₹1.4K Cr; latest fundamentals Mar 2026
- Grocery Outlet Holding Corp. (GO) — market value ₹988 Cr; latest fundamentals Jun 2026
- Natural Grocers by Vitamin Cottage, Inc. (NGVC) — market value ₹750 Cr; latest fundamentals Mar 2026
- Village Super Market, Inc. (VLGEA) — market value ₹656 Cr; latest fundamentals Jun 2026
- Krispy Kreme, Inc. (DNUT) — market value ₹531 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-04.
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

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

Grocery Stores has underperformed S&P 500 by 21.5% over 52 weeks and 4.6% over 13 weeks. 2 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 5 of 10 comparable companies through Jun 2026.

### Which Grocery Stores company is growing fastest?

Village Super Market, Inc. has the fastest current revenue growth at 4.2%, across 5 of 10 comparable companies.

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

Natural Grocers by Vitamin Cottage, Inc. ranks first at 59.6/100 with 75.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

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

Natural Grocers by Vitamin Cottage, Inc. has the lowest comparable PEG at 0.74, among 3 of 10 companies whose earnings and growth are steady enough for the ratio to mean anything.

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

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

### Which Grocery Stores company is the biggest?

The Kroger Co. is the largest, with trailing-twelve-month revenue of $148,645 million, ahead of Weis Markets, Inc. at $5,013 million. That covers 5 of 10 companies with comparable reporting through Jun 2026.

### 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 5 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?

Yesway, Inc. leads on return on capital employed at 6.5%, 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 PEG — where a LOWER number is cheaper — Natural Grocers by Vitamin Cottage, Inc. screens cheapest at 0.74×. Only 3 of 10 companies have earnings and growth steady enough for the ratio to mean anything, 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.

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

Grocery Stores has underperformed S&P 500 by 21.5% over the last 52 weeks and 4.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 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 59.6 out of 100 with 75.1% evidence confidence, from 18 points on growth and earnings, 13.5 on capital efficiency, 16.1 on valuation and 12 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, 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 $57,295 million of combined market value. The Kroger Co. is the largest at $35,405 million, about 62% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### 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 2026-08-04.

### How is the Grocery Stores sector performing?

2 of the 9 covered Grocery Stores companies are beating S&P 500 on Mansfield relative strength. The sector itself is 21.5% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### 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.