Kroger Sees Financial Metrics at High End of Guidance Amid CEO Exit -- Market Talk

Dow Jones

2025/03/03

0937 ET - Kroger investors worried about the sudden change at CEO can still look forward to some promising financial results. The supermarket operator said it expects both identical sales without fuel as well as adjusted earnings per-share for 2024 to be at the high end of its guidance; it previously forecast identical sales without fuel growth between 1.2% and 1.5%, while adjusted EPS was guided to come in between $4.35 to $4.45. Kroger is scheduled to report results for 4Q and 2024 on Thursday. But looming over results will be Monday's announcement that Chairman and CEO Rodney McMullen resigned from the company following a board investigation of his personal conduct. Shares fall 1.3%. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

March 03, 2025 09:37 ET (14:37 GMT)

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The supermarket operator said it expects both identical sales without fuel as well as adjusted earnings per-share for 2024 to be at the high end of its guidance; it previously forecast identical sales without fuel growth between 1.2% and 1.5%, while adjusted EPS was guided to come in between $4.35 to $4.45. Kroger is scheduled to report results for 4Q and 2024 on Thursday. But looming over results will be Monday's announcement that Chairman and CEO Rodney McMullen resigned from the company following a board investigation of his personal conduct. Shares fall 1.3%. 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The supermarket operator said it expects both identical sales without fuel as well as adjusted earnings per-share for 2024 to be at the high end of its guidance; it previously forecast identical sales without fuel growth between 1.2% and 1.5%, while adjusted EPS was guided to come in between $4.35 to $4.45. Kroger is scheduled to report results for 4Q and 2024 on Thursday. But looming over results will be Monday's announcement that Chairman and CEO Rodney McMullen resigned from the company following a board investigation of his personal conduct. Shares fall 1.3%. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2025 09:37 ET (14:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0980610538.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516343136","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516343136","pubTimestamp":1741012620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0937 ET - Kroger investors worried about the sudden change at CEO can still look forward to some promising financial results. 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