Kroger to Report Earnings After CEO Resignation, Merger Failure
1. Kroger's Q4 earnings expected to drop 16% year over year to $1.12 EPS. 2. Sales forecasted to decline nearly 7% to $34.6 billion amid market pressures. 3. CEO Rodney McMullen resigned, causing a C-suite shakeup but not alarming Wall Street. 4. Kroger continues to pursue growth despite legal issues from failed merger with Albertsons. 5. Management anticipates slight earnings beat, with solid growth in identical sales without fuel.