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KR-KROGER CO

Kroger Appoints David Kennerley as New CFO, Succeeding Todd Foley Amidst Ongoing Challenges from Failed Merger with Albertsons

Sunday

16 February, 2025

Kroger's appointment of David Kennerley as CFO marks a significant shift as the company navigates challenges from its failed merger with Albertsons. With a strong background from PepsiCo, can Kennerley steer Kroger towards stability and growth in a competitive market?

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Key Takeaways
  • Kroger reported a 2.3% growth in identical-store sales during the fiscal third quarter.
  • The company's stock price increased by 7% after the failed merger with Albertsons.
  • David Kennerley's appointment as CFO highlights a commitment to stability and strategic development.
  • Kroger's focus on providing accessible food options strengthens its competitive position in the grocery sector.
  • These factors create a promising outlook for investors regarding future growth and profitability.
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