HomeFinanceKroger (KR) Q4 2024 Earnings Call Transcript

Kroger (KR) Q4 2024 Earnings Call Transcript

KR earnings call for the period ending December 31, 2024.

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Kroger (KR 2.00%)
Q4 2024 Earnings Call
Mar 06, 2025, 10:00 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good morning, and welcome to the Kroger Co. fourth-quarter and full-year 2024 earnings conference call. [Operator instructions] Please note this event is being recorded. I’d now like to turn the conference over to Rob Quast, vice president, investor relations.

Please go ahead.

Robinson C. QuastSenior Director, Investor Relations

Good morning. Thank you for joining us for Kroger’s fourth-quarter and full-year 2024 earnings call. I am joined today by Kroger’s chairman and chief executive officer, Ron Sargent, and interim chief financial officer, Todd Foley. Before we begin, I want to remind you that today’s discussions 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. After our prepared remarks, we look forward to taking your questions.

[Operator instructions] I will now turn the call over to Ron.

Ron SargentChairman and Interim Chief Executive Officer

Thanks, Rob. Good morning, everybody. Thank you for joining our call today. Before we begin, I’d like to just share a few comments.

Kroger has always been committed to its enduring values. This has been true for Kroger since my first job in the summer of 1974, working in the Fort Mitchell, Kentucky store. In many ways, I grew up at Kroger, working summers in college and then full-time for 10 years following business school. I’ve held various roles in stores and manufacturing, human resources, marketing strategy, and sales.

Kroger has really been a special place throughout my career in retail, and I’m just as proud to be a Kroger associate today as I was then. I will be serving as the interim CEO as we search for a leader for our next phase of growth. The board has formed a search committee and has engaged a nationally recognized search firm. We look forward to updating you as we have more information.

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