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Post Info TOPIC: Analysts are confused by Kroger management too
Anonymous

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Analysts are confused by Kroger management too
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Jim Cramer calls what our CEO says is madness.  I agree, they use the new key word uplift and restock.  Here's the word they want to hear.  GET MORE HELP IN THE STORES AND GOOD HELP OR GIVE OUT OVERTIME!!!!!!!!  No one wants to shop an empty store. 

 

https://www.cnbc.com/2018/03/09/cramer-krogers-quarter-made-all-the-supermarket-stocks-look-bad.html



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McMullen Madness.

Excellent.

Thanks for posting.



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Anonymous

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Anonymous wrote:

Jim Cramer calls what our CEO says is madness.  I agree, they use the new key word uplift and restock.  Here's the word they want to hear.  GET MORE HELP IN THE STORES AND GOOD HELP OR GIVE OUT OVERTIME!!!!!!!!  No one wants to shop an empty store. 

 

https://www.cnbc.com/2018/03/09/cramer-krogers-quarter-made-all-the-supermarket-stocks-look-bad.html


 thoise of us who work in the stores know that management is crazy



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Anonymous

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Anonymous wrote:
"Or to give you the line uttered by CFO John Michael Schlotman: 'Our financial results continue to be pressured by inefficient health care and pension costs that some of our competitors do not face.'"

Yeah, thanks Kroger... or specifically, CFO John Michael Schlotman. It's always the fault of the employees... you know, the ones MAKING you thankless scumbags filthy rich. Take away our health insurance. Take away our pensions. You'll STILL find a way to blame poor financial growth on the employees... 'cause it's always OUR FAULT, because that's how it rolls in corporate America.

Oh, and let's maybe take a look at what CFO John Michael Schlotman brought home recently:

As Executive Vice President and Chief Financial Officer at KROGER CO, J. Michael Schlotman made $4,378,325 in total compensation. Of this total $850,360 was received as a salary, $372,855 was received as a bonus, $1,040,436 was received in stock options, $1,973,247 was awarded as stock and $141,427 came from other types of compensation. This information is according to proxy statements filed for the 2016 fiscal year.

https://www1.salary.com/J-Michael-Schlotman-Salary-Bonus-Stock-Options-for-KROGER-CO.html

But it's TOTALLY US GUYS! We're the ones responsible for Kroger's failure to compete with Walmart, Amazon, Target, etc...! We should all take one for the team and ask for lower wages and fewer benefits... so these poor souls sitting in their Ivory Towers can sleep easier at night!



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Anonymous

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kroagrr wrote:

McMullen Madness.

Excellent.

Thanks for posting.


 McMullen could be a CEO for a lemonade stand 



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Anonymous

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For Kroger, which has among the highest unionized workforce costs in the industry,

What costs?  Aren't those costs borne mostly by the employees?  We don't really have **** for benefits or retirement or anything.



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Re: Analysts, Too, Are Confused by Kroger Management
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. . . among the highest unionized workforce costs in the industry . . .

Must be our courtesy clerks--Big Pimpin' it at $8.00 an hour--ruining it for the Four Million Dollar Man.

J. Michael Schlotman made $4,378,325 in total compensation



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I honestly believe we'll be seeing a new CEO by the next quarter if they don't manage to make at least one big move in M&A.

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DeltaGrocery wrote:

I honestly believe we'll be seeing a new CEO by the next quarter if they don't manage to make at least one big move in M&A.


 It doesn't matter, he is already filthy rich. All of them are. And the next person will care only about the same thing. Get rich fast, screw the people who are making his paycheck.

This could be a great company. All it needs is a bit more fair distribution of profits. I'm not even asking for money, although wages more appropriate to living needs would be nice. All I'm asking for is get enough hours so I can make a living. Not enough hours, not enough help to do our jobs right.



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Anonymous

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tov wrote:
DeltaGrocery wrote:

I honestly believe we'll be seeing a new CEO by the next quarter if they don't manage to make at least one big move in M&A.


......"All I'm asking for is get enough hours so I can make a living. Not enough hours, not enough help to do our jobs right."


 But gee....isn't that what the union is supposed to be guaranteeing? Isn't that what people pay them to do? 



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I'm confused on the whole hours thing. Around here at least, there's no shortage on hours. You just have to have people to fill those hours. Most departments are under scheduled because no ones' available to work.

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4hourrush wrote:

I'm confused on the whole hours thing. Around here at least, there's no shortage on hours. You just have to have people to fill those hours. Most departments are under scheduled because no ones' available to work.


 Hours are dictated by a 55 case per hour production pace.  Here, finding a crew that can average that amount is nigh impossible, therefore always short on hours.   Are your hours calculated differently or are your crews all exceptional?  Here, average CPH is sitting around 40, so things are always left undone.



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But that's what i meant. Maybe i read their post wrong? I was reading it as them saying they weren't getting any hours, and i'm saying most stores should have hours to give at this point? Because most people won't stick around with the conditions we are given, so therefore anyone who really wants them can get 40 hrs.

I'm not an expert on grocery by any means, but i doubt my store can run anyone at 55 cases an hour... that sounds difficult/next to impossible to me.

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4hourrush wrote:

But that's what i meant. Maybe i read their post wrong? I was reading it as them saying they weren't getting any hours, and i'm saying most stores should have hours to give at this point? Because most people won't stick around with the conditions we are given, so therefore anyone who really wants them can get 40 hrs.

I'm not an expert on grocery by any means, but i doubt my store can run anyone at 55 cases an hour... that sounds difficult/next to impossible to me.


 we have the people to work but according to ELMS we don't need anymore hours. We make plenty of sales being the only major store in a 5 mile radius in our side of town but expecting 6 people on night stock to do the work of 12 is not fair. Most people want more hours so that the don't have to work like slaves to get the work done. Kroger is always comming out with new programs and outing in new technology's but can seen to shell out more per hour or any thing else. 



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4hourrush wrote:

But that's what i meant. Maybe i read their post wrong? I was reading it as them saying they weren't getting any hours, and i'm saying most stores should have hours to give at this point? Because most people won't stick around with the conditions we are given, so therefore anyone who really wants them can get 40 hrs.

I'm not an expert on grocery by any means, but i doubt my store can run anyone at 55 cases an hour... that sounds difficult/next to impossible to me.


 Finding people to work really isn't a problem here.   The problem is finding people who can work anywhere near the expected production pace, which effectively is the same thing as not having the hours.  



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Anonymous

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4hourrush wrote:

But that's what i meant. Maybe i read their post wrong? I was reading it as them saying they weren't getting any hours, and i'm saying most stores should have hours to give at this point? Because most people won't stick around with the conditions we are given, so therefore anyone who really wants them can get 40 hrs.

I'm not an expert on grocery by any means, but i doubt my store can run anyone at 55 cases an hour... that sounds difficult/next to impossible to me.


You're right. Most people don't stick around because the working conditions. If the working conditions were better, and the workforce was happier, then that would solve a lot of problems. If the CEO and Board of Directors of Kroger would go by the sound and proven points in this article, then things would be a heck of a lot better, for the company and the employees.

 



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