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Kroger's Rodney McMullen talks shop at Groceryshop

Kroger's Rodney McMullen talks shop at Groceryshop
supermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from supermarketnews.com Daily Mail and Mail on Sunday newspapers.

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Kroger to 'lead with fresh, accelerate with digital' in 2021

Executives break down strategic game plan in Investor Day event
The Kroger Co. detailed this year’s strategic growth plan led by fresh foods and digital at its virtual 2021 Investor Day conference.
Chairman and CEO Rodney McMullen told analysts and investors yesterday that Cincinnati-based Kroger aims to deliver a total shareholder return of 8% to 11% annually, backed by a financial model that now includes a higher operating profit base and a “clear path” to earnings growth of 3% to 5%.
In fiscal 2020, ended Jan. 30, Kroger added $10 billion to its top line. Sales totaled $132.5 billion, up 8.4% from 2019. That growth was 14.2% excluding fuel sales and dispositions. Identical sales excluding gas and adjustments surged 14.1% year over year. ....

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Kroger (KR) Q4 2020 Earnings Call Transcript

Kroger (KR) Q4 2020 Earnings Call Transcript
Motley Fool Transcribing
© The Motley Fool
Logo of jester cap with thought bubble.
Kroger (NYSE: KR)
Rebekah Manis
Director of Investor Relations
Thank you, Gary. Good morning and thank you for joining us. Before we begin, I want to remind you that today s discussion will include forward-looking statements. We want to caution you that such statements are predictions, and actual events or results can differ materially.
A detailed discussion of the many factors that we believe may have a material effect on our business on an ongoing basis is contained in our SEC filings. The Kroger Company assumes no obligation to update that information. Both our fourth-quarter press release and our prepared remarks from this conference call will be available on our website at ir.kroger.com. After our prepared remarks, we look forward to taking your questions. ....

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Secure Trust Bank - CEO change in seamless transition

Secure Trust Bank - CEO change in seamless transition
Paul Lynam, Secure Trust Bank s (STB s) CEO, is stepping down to become Equiniti Group s CEO. David McCreadie, who joined STB as a non-exec board member a year ago, will replace him. McCreadie is a banker with 30 years of experience at RBS, Kroger Personal Finance and Tesco Bank. The transition should be seamless, with the growth strategy (organic expansion and M&A opportunities) expected to remain the same. Lynam leaves the bank with a well-capitalised balance sheet (we forecast 13.9% CET1 for FY20), resilient business, a good franchise and well positioned to react when the economy improves. STB will make its pre-close trading update on 21 January, but has reiterated its October 2020 statement that it is trading ahead of consensus FY20 PBT of £7.3m. ....

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