Kroger Company ( (KR) ) just unveiled an update.
Kroger has announced the resignation of its CEO, Rodney McMullen, following a Board investigation into his personal conduct, which was found to be inconsistent with the company’s ethics policy. Ronald Sargent has been appointed as the interim CEO and Chairman of the Board, while Mark Sutton will serve as the lead independent director. The company expects its full-year sales and earnings to exceed the high end of its guidance range, indicating strong financial performance despite the leadership transition.
More about Kroger Company
The Kroger Co. (NYSE: KR) is a major player in the retail food industry, serving over 11 million customers daily through a seamless digital shopping experience and various retail food stores under different banner names. The company is committed to its purpose of ‘Feeding the Human Spirit’ and aims to create communities with zero hunger and zero waste.
YTD Price Performance: 6.52%
Average Trading Volume: 6,176,701
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $46.9B
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