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Title : Holy Guacamole, Batman -- They Forgot the Convenience Store Division -- October 11, 2017
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Holy Guacamole, Batman -- They Forgot the Convenience Store Division -- October 11, 2017

You know you are rich when you forget to note $2.6 billion  -- that's billion with a "b" -- from The Street --

Shares of Kroger Co. resumed trading on Wednesday, Oct. 11, after accidentally omitting $2.6 billion in revenue for its convenience store business.

At its investor day Wednesday, Kroger announced that it had retained Goldman, Sachs & Co. to explore strategic alternatives, including a possible sale, for its convenience store business.

The press release stated that the business generated 2016 revenue of $1.4 billion. A few hours later, however, Kroger clarified that the convenience store business actually generates sales nearly triple that number.

So, if you were the VP for convenience store sales and were responsible for $3 billion in revenue and your company CEO forgot all about your division when submitting the quarterly report -- any Freudian thoughts about whether your boss likes you or not?

http://ift.tt/2dZyQXu

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