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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