Kroger has surged by 27% this year, and more upside can be expected in FY16 on the back of strong sales growth Kroger is one of the largest with 2,620 supermarkets, 786 convenience stores, 326 fine jewelry stores, 1,360 supermarket fuel centers and 37 food processing plants in the U.S. Kroger has also been a strong value creator in 2015 with the stock providing returns of 26.5% year to date, and it remains an attractive investment for 2016. From a valuation perspective, Kroger currently trades at 20.2 times TTM PE.