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Stock impact report

Kroger's road ahead runs through its past, analysts say [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
The last time Kroger brought on a new CEO was in January 2014. At that point, the company was riding high in the grocery industry: It was just about to close on its $2.5 billion acquisition of Harris Teeter, the tumult of the COVID-19 pandemic was still years away and Walmart had yet to assume the commanding role it now plays in the U.S. food retail sector. A lot has changed over the past decade. As Kroger looks for a successor to Rodney McMullen — who departed abruptly in early March after more than 11 years as the company's chief executive — the grocer faces much less favorable circumstances that have industry experts wondering whether it can regain its former glory. Some of those conditions, like the enormous reach of competitors like Walmart, Costco and Amazon, are beyond its control, while other challenges are a direct result of decisions Kroger made when McMullen was in charge, according to analysts. “The golden age of Kroger was before Rodney took over,” said Scott Mushk Show less Read more
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