JPMorgan Reiterates Overweight Rating on Kroger (KR)

Goldman Sachs Reiterates Buy Rating on Kroger (KR)

March 3, 2025 11:30 AM EST

Goldman Sachs analyst Leah Jordan reiterated a Buy rating and $70.00 price target on Kroger (NYSE: KR).

The analyst comments "Earlier today, KR announced the resignation of Chairman and CEO Rodney McMullen following a board investigation of his personal conduct. The board appointed... More

BMO Capital Reiterates Market Perform Rating on Kroger (KR) Following CEO Departure

March 3, 2025 11:24 AM EST

BMO Capital analyst Kelly Bania reiterated a Market Perform rating and $63.00 price target on Kroger (NYSE: KR)

The analyst comments "Kroger announced an abrupt resignation of its long-time CEO and chairman. Kroger also provided some limited commentary on F25 fundamentals, which... More

Evercore adds Best Buy to Underperform list, Kroger on Outperform list

March 3, 2025 11:05 AM EST

Investing.com -- Evercore ISI added Best Buy (NYSE: BBY) to its Underperform list while it added Kroger (NYSE: KR) to its outperform one, ahead of the both retailers... More

Kroger falls as CEO resigns after Board probe

March 3, 2025 10:07 AM EST

Investing.com -- Kroger shares opened lower on Monday after the company announced the resignation of Chairman and CEO Rodney McMullen following a Board investigation into his personal conduct.

In a statement, Kroger (NYSE: KR) said McMullens behavior, while unrelated to the companys financial performance or operations, was found to be inconsistent... More

Kroger ousts long-time CEO after probe into personal conduct

March 3, 2025 7:07 AM EST

By Savyata Mishra and Aishwarya Venugopal

(Reuters) -U.S. grocer Kroger said on Monday CEO Rodney McMullen has resigned after a board investigation found that his personal conduct was "inconsistent" with certain company policies.

The conduct is not related to financial performance, operations or reporting, and it did not involve any Kroger associates, the company said.

The surprise ouster of the 64-year-old executive comes after the company in December terminated a two-year effort to buy rival Albertsons in a $25 billion deal, an attempt McMullen had staunchly defended as a way to fight higher prices and better... More

Kroger (KR) Announces Resignation of CEO Rodney McMullen

March 3, 2025 7:01 AM EST

The Kroger Co. (NYSE: KR) today announced that Chairman and Chief Executive Officer Rodney McMullen has resigned from the Company following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics. The Board has appointed Lead Director Ronald "Ron" Sargent to serve as Chairman of the Board of Directors and interim Chief Executive Officer, effective immediately. The Board also announced that Mark... More

Evercore ISI Adds on Kroger (KR) to TAP Outperform List

March 3, 2025 5:07 AM EST

Evercore ISI analyst Michael Montani reiterated an Outperform rating and $75.00 price target on Kroger (NYSE: KR)

The analyst comments "We are initiating a positive tactical call on KR ahead of their F4Q results on 3/6 before market opens. We see the potential for an 8-10% upside move in the stock as it begins to get credit for defensive growth characteristics amidst a choppy consumer landscape. Our discussions suggest that many skeptics remain to convert with Kroger executing at a high level amidst a modestly favorable industry backdrop. KR stock is... More