Reported about 8 hours ago
Kroger Co. has provided positive sales forecasts, anticipating a growth of 2% to 3% in comparable sales, despite uncertainties surrounding the recent resignation of its CEO Rodney McMullen due to a board investigation. While the stock rose 3% following the announcement, the company also adjusted its earnings expectations downwards. Kroger is currently exploring new CEO candidates and has postponed its investor day. It faces challenges such as inflation and potential tariff impacts on prices.
Source: YAHOO