Reported about 5 hours ago
Kroger's shares fell nearly 2% following the abrupt resignation of CEO Rodney McMullen amid concerns over the company's future, marked by a failed merger with Albertsons and lagging same-store sales compared to competitors. Industry veteran Ron Sargent has been appointed as interim CEO. Analysts express a mix of surprise and optimism for new leadership, but caution remains due to ongoing challenges in the grocery sector.
Source: YAHOO