March 6 (Reuters) - Kroger on Thursday forecast annual same-store sales largely above Wall Street estimates, fueled by steady grocery demand as value-conscious shoppers prioritize staples such as fresh fruits and vegetables.
The results follow an abrupt ouster of long-time chief Rodney McMullen earlier this week, after a board investigation found that his personal conduct was "inconsistent" with certain company policies. The board has appointed lead director Ronald Sargent as interim CEO.
The supermarket chain posted a 2.4% rise in fourth-quarter identical sales, excluding fuel, helped by stronger demand during the holiday season. Analysts had estimates a 1.96% rise, according to data compiled by LSEG.
The company expects growth in full-year identical sales, excluding fuel, in the range of 2% to 3%, compared with analysts' average estimate of a 1.96% rise, according to data compiled by LSEG.
It projected adjusted earnings of $4.60 to $4.80 per share, compared with estimates of $4.79 per share.
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