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.

KEY TAKEAWAYS Kroger shares are jumping Thursday morning as the grocery chain's better-than-expected quarterly earnings offset a soft outlook.The grocery chain said earlier this week that CEO and Chairman Rodney McMullen had resigned after a probe on his personal conduct.

Kroger anticipates adjusted earnings in the current fiscal year range of $4.60 to $4.80 a share. Analysts were expecting $4.81 a share.