Kroger to Report Earnings After CEO Resignation, Merger Failure - Barron's
1. Kroger's earnings expected to drop by 16% this quarter. 2. CEO Rodney McMullen resigned amid ethical concerns unrelated to business. 3. Sales anticipated to decline nearly 7% year-over-year, impacting revenue. 4. Kroger's identical sales without fuel grew by 2.3% in Q3. 5. Legal disputes with Albertsons ongoing after failed merger attempt.