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Kroger: Looking Stretched Ahead Of The Q4 Results

Kroger announced on Monday that CEO Rodney McMullen has stepped down following a board investigation into his personal conduct. The company said that his personal conduct, “while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics.

“Mr. McMullen's conduct is not related to the company's financial performance, operations or reporting, and it did not involve any Kroger associates,” the company said.

Chief Executive Officer's Rodney McMullen's resignation follows a board investigation of his personal conduct.

Ronald Sargent appointed Chairman of the Board of Directors and Interim CEO Mark Sutton will serve as Kroger's lead independent director Kroger expects full-year Identical Sales without fuel to be at the high end of its guidance range Kroger expects full-year Adjusted Earnings Per Share to be slightly above the high end of its guidance range Fourth quarter earnings conference call to be webcast Thursday, March 6, 2025 at 10 a.m. ET CINCINNATI , March 3, 2025 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced that Chairman and Chief Executive Officer Rodney McMullen has resigned from the Company following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics.

Fears of inflation are mounting again, especially with the prospects of steep tariffs on imports to the U.S. Consumer sentiment is plunging the furthest in years. Unemployment claims are rising.

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Kroger Co. (NYSE: KR) is rewarding its shareholders once again with a quarterly dividend of $0.32, payable on Saturday, March 1.

Kroger (KR) concluded the recent trading session at $63.93, signifying a +0.2% move from its prior day's close.

Kroger (KR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.