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.
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.
The latest trading day saw Kroger (KR) settling at $65.06, representing a +1.04% change from its previous close.
Kroger (KR) concluded the recent trading session at $65.45, signifying a +0.29% move from its prior day's close.
The Zacks Retail - Supermarkets industry faces revenue and margin pressures from inflation and rising costs. However, omnichannel strategies and digital investments position WMT and KR for long-term growth.
The latest trading day saw Kroger (KR) settling at $65.80, representing a +1.15% change from its previous close.
Kroger said Wednesday (Feb. 12) that PepsiCo veteran David Kennerley will join the company as senior vice president on March 10 and take on the additional role of chief financial officer (CFO) on April 3.