McMullen’s reduced compensation in 2023 reflects the fact that the supermarket company’s annual performance incentive came in below target, the grocer said in a filing detailing how it paid its most senior executives.
That incentive program, which is based on Kroger’s identical sales growth excluding fuel and adjusted operating profit, paid out at about 24% of target in 2023. The company described its performance during the year, during which it posted same-store sales growth of just under 1% and notched an adjusted operating profit of $5 billion, as “strong.”
