Kroger is seeking a new path forward after the company said its long-tenured chief executive officer, Rodney McMullen, resigned following the board’s investigation into his personal conduct.

Kroger gave a disappointing profit forecast for the year, just days after the resignation of its longtime chief executive.The detailsKroger said its quarterly sales fell about 7% to $34 billion, below what Wall Street analysts were expecting.

Kroger reported 2024 sales results that were lower than Wall Street forecasts on Thursday, but the grocer predicted sales would pick up in 2025.