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Stock impact report

Kroger to consider internal and external candidates for CEO role after sudden resignation [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
Kroger will consider both internal and outside candidates to replace CEO Rodney McMullen who resigned abruptly last week, interim CEO Ron Sargent told Wall Street analysts in a conference call. "We are going to be looking at both ... but I think most importantly we're focused on identifying the right leader to drive Kroger's growth," Sargent said, adding: "I am proud to serve in this role as long as needed." Sargent's remarks came as Kroger reported 2024 sales results that were lower than Wall Street forecasts on Thursday, but the grocer predicted sales would pick up in 2025. Kroger reported a profit of $2.7 billion last year Meanwhile, the Cincinnati-based supermarket giant beat analysts' profit estimates for both the latest quarter and the fiscal year that ended Feb. 1. Kroger reported a robust $2.7 billion profit on $147.1 billion of sales in 2024. The grocer also said it notched $634 million in earnings on $34.3 billion in sales in the fourth quarter. Kroger's Downtown Show less Read more
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