Grocery Prices have soared.

[sealybobo]

How much in total sales, or doesn't that matter?

What is the average net profit margin for a grocery chain?

Kroger's operated at median gross profit margin of 22.7% from fiscal years ending February 2020 to 2024.

Kroger annual gross profit for 2024 was $33.364B, a 4.99% increase from 2023. Kroger annual gross profit for 2023 was $31.778B, a 4.71% increase from 2022.

Rodney McMullen, CEO since 2014, was given a base salary of $1.388 million in 2022, and stock awards and incentives pushed his total compensation up to $19.209 million, according to an annual filing with the Securities and Exchange Commission.

 

[Markle]

Class warfare exists even if you don't realize it bub.

The rich/corporations waged war on us starting in the late 70's. They got Bush elected too and he really pushed their agenda. And don't forget who was president between them.

"I think Bill Clinton was a great president,’" Trump said in the interview that was conducted shortly after the 2008 presidential election on NY1's "Inside City Hall" program.

"You know, you look at the country then. The economy was doing great. Look at what happened during the Clinton years. I mean we had no war, the economy was doing great, everybody was happy. A lot of people hated him because they were jealous as hell,’" Trump said.

We had the DOT.COM bubble burst, plunging us into a depression, and President Clinton passed it off to President Bush. He could have been a great president if he had kept it in his pants.

. In addition to the Impeachment of President Clinton for felony perjury. These are the results and convictions of the various investigations into President Clinton.

Whitewater

Arkansas Gov. Jim Guy Tucker - fraud felony convictions - 3 counts (Tucker resigned facing impeachment)

Jim McDougal - fraud and conspiracy felony convictions - 18 counts

Susan McDougal - felony - 4 counts (pardoned during Clinton's last minute pardongate payoffs)

William J. Marks Sr - conspiracy Stephen Smith - conspiracy

Larry Kuca - Fraud Neal Ainley - 2 misdemeanors for embezzlement

David Hale - guilty plea - conspiracy

Chris Wade - felony - Whitewater real-estate investor

John Haley - felony 1998 on fraud

Robert Palmer - felony for conspiracy

Charles Matthews - guilty plea for bribery

Eugene Fitzhugh - Whitewater - bribery

Webster Hubbell - #2 ranking Justice Dept. Official - felony for embezzlement and fraud

John Latham - CEO of Madison Bank - bank fraud Campaign Finance:

Johnny Chung - Clinton cronie - felony guilty plea - funneling money from China

Gene Lum - convicted - felony for money laundering for the DNC

Nora Lum - convicted - felony for money laundering for the DNC

Howard Glicken - guilty plea - 2 midemeanors - funneling foreign donations

Yah Lin "Charlie" Trie - guilty plea - illegal Clinton campaign donations

John Huang - Clinton cronie - felony guilty plea - funneling money from China

Paula Jonesgate:
William Jefferson Clinton - found guilty - civil contempt of court - lying under oath about material facts. The Office of the Independent Council further presented Clinton with an agreement that had him disbarred from practicing law for 5 years and made him signed statement admitting to his deception

Post Administration
Sandy Bergergate

Sandy Berger – Clinton National Security Adviser -- found guilty of stealing highly classified documents from the National Archive and destroying them​

Whitewater

Cattlegate

Nannygate

Helicoptergate

Travelgate

Gennifer Flowersgate

Filegate

Vince Fostergate

I wonder where those Whitewater billing records came from gate

Paula Jonesgate

Federal Building campaign phone callgate

Lincoln bedroomgate

White House coffeegate

Donations from convicted drug and weapons dealersgate

Buddhist Templegate

Web Hubbell hush moneygate

Lippogate

Chinese commiegate - Clinton was practically endorsed by red China Update!

Let's blame Kenneth Starrgate

Zippergate/interngate - the Lewinsky affair itself

Perjury and jobs for Lewinskygate - the aftermath

Willeygate

Web Hubbell prison phone callgate

Selling Military Technology to the Chinese Commiesgate

Coverup for our Russian Comrades as Wellgate

Wag-the-Dog-gate

Jaunita Broaddrick gate

PBS-gate

Email-gate

Vandalgate

Lootergate

• Pardongate

 

[Markle]

IDK but they are raking it in.

I remember Farmer Jacks broke their union back in the 70's or 80's. My aunt worked for them. Single mom was able to raise 2 kids working at Farmer Jacks. That's not possible today right?

Useless distraction.

Once again...On how much in total sales? What is the average net profit margin for a grocery chain?

 

[Winco]

Yep, the economy is doing just great, it's just your pocketbook that's suffering.

Become a wiser Shopper.

You now can't buy a small plastic sack of snacks for under $25.

Depends on what you buy.

 

[sealybobo]

We had the DOT.COM bubble burst, plunging us into a depression, and President Clinton passed it off to President Bush. He could have been a great president if he had kept it in his pants.

. In addition to the Impeachment of President Clinton for felony perjury. These are the results and convictions of the various investigations into President Clinton.

Whitewater

Arkansas Gov. Jim Guy Tucker - fraud felony convictions - 3 counts (Tucker resigned facing impeachment)

Jim McDougal - fraud and conspiracy felony convictions - 18 counts

Susan McDougal - felony - 4 counts (pardoned during Clinton's last minute pardongate payoffs)

William J. Marks Sr - conspiracy Stephen Smith - conspiracy

Larry Kuca - Fraud Neal Ainley - 2 misdemeanors for embezzlement

David Hale - guilty plea - conspiracy

Chris Wade - felony - Whitewater real-estate investor

John Haley - felony 1998 on fraud

Robert Palmer - felony for conspiracy

Charles Matthews - guilty plea for bribery

Eugene Fitzhugh - Whitewater - bribery

Webster Hubbell - #2 ranking Justice Dept. Official - felony for embezzlement and fraud

John Latham - CEO of Madison Bank - bank fraud Campaign Finance:

Johnny Chung - Clinton cronie - felony guilty plea - funneling money from China

Gene Lum - convicted - felony for money laundering for the DNC

Nora Lum - convicted - felony for money laundering for the DNC

Howard Glicken - guilty plea - 2 midemeanors - funneling foreign donations

Yah Lin "Charlie" Trie - guilty plea - illegal Clinton campaign donations

John Huang - Clinton cronie - felony guilty plea - funneling money from China

Paula Jonesgate:
William Jefferson Clinton - found guilty - civil contempt of court - lying under oath about material facts. The Office of the Independent Council further presented Clinton with an agreement that had him disbarred from practicing law for 5 years and made him signed statement admitting to his deception

Post Administration
Sandy Bergergate

Sandy Berger – Clinton National Security Adviser -- found guilty of stealing highly classified documents from the National Archive and destroying them​

Whitewater

Cattlegate

Nannygate

Helicoptergate

Travelgate

Gennifer Flowersgate

Filegate

Vince Fostergate

I wonder where those Whitewater billing records came from gate

Paula Jonesgate

Federal Building campaign phone callgate

Lincoln bedroomgate

White House coffeegate

Donations from convicted drug and weapons dealersgate

Buddhist Templegate

Web Hubbell hush moneygate

Lippogate

Chinese commiegate - Clinton was practically endorsed by red China Update!

Let's blame Kenneth Starrgate

Zippergate/interngate - the Lewinsky affair itself

Perjury and jobs for Lewinskygate - the aftermath

Willeygate

Web Hubbell prison phone callgate

Selling Military Technology to the Chinese Commiesgate

Coverup for our Russian Comrades as Wellgate

Wag-the-Dog-gate

Jaunita Broaddrick gate

PBS-gate

Email-gate

Vandalgate

Lootergate

• Pardongate

You wasted your time because right off the bat you were wrong. You were making the classic argument Republicans made defending Bush 2. He inherited a dot com bubble burst BULLSHIT!!! He started 2 wars. Lied us into one of them. PNAC. Look it up. And worse than what he inherited, were his policies. Tax breaks to the rich? Deregulating the banks so they didn't have to have as much cash in the reserves for just in case of an emergency? Was that done on purpose? Because they sure did benefit from it.

Worse than the minor recession Clinton handed Bush, was the policies Bush passed to deal with said recession. Then, his fault or Osama's fault, he was sucked into 2 wars, and squandered Clinton's surplus.

You all know he sucked. It's why you went with Trump over Jeb.

 

[eagle1462010]

Only because you have made it one. Because to be honest, the economy is fine. And what's wrong with it, is because you don't support middle class. Now Trump wants to pretend by going after illegals that's going to fix their problems? We debate enough here that you know illegals aren't their problem. Unemployment is really low so wages are already up as far as they are going to go. The Feds raised interest rates to cool down the economy. We have not suffered as much as we could have fixing inflation. It could be a lot worse. Like how it was when Carter was in office.

The middle class better not get duped. They need to organize and corporations need to be better regulated. Trump won't fix shit. But Republicans will still claim he made America great. That's what's scary. We know even if Trump does a lousy job, Republicans will say he's great. Like Putin supporters.

BS. You live in an alternate Universe

 

[Weatherman2020]

President Joe Biden is regularly promoting signs of a strengthening economy and easing inflation, but when it comes to the indicator closest to home, it’s a tough sell.

The surge in grocery prices since just before the Covid lockdown has been stunning: up more than 25%, a full 5 percentage points more than consumer prices overall.

Yep, the economy is doing just great, it's just your pocketbook that's suffering.

MSN

TRANSITORY!

Transitory for 45 months now.

 

[eagle1462010]

People struggling KNOW the reality of the economy. They are paying more for less and know it.

No amount of LIES gonna change that.

 

[Foxfyre]

it has?

Can you give some actual examples.

Sure. The government was pretty much totally uninvolved in the development of the personal computer, Apple, Windows, and most of the software we take for granted. Initially only the wealthiest people could afford them, but interested in making a product appealing to everybody, the private sector kept improving, streamlining, developing potential until few people now cannot afford a computer or some sort of tablet to access the internet and the almost unlimited information it makes available to us.

Ditto the mobile phone. The first models were big, heavy, clunky and limited due to limited network access. All you could do with them was make and receive telephone calls. Now the mobile smart phone is essentially a hand held computer capable of many functions as well as access to the internet with call and text and video messaging functions and almost unlimited free and affordable apps to use and there are models affordable for just about everybody.

I already gave an example of the gasoline powered automobile that the government was totally uninvolved in. The earliest models were available only to the rich. But by the time the private sector improved and streamlined and mass produced them, most people could and did afford one, at least one per household.

When the government got involved in managing education, it became unaffordable for most without some kind of subsidy or going into debt. When the government got involved in healthcare it became unaffordable for most without some kind of subsidy or going into debt or without buying insurance that was far more expensive than before.

Government shouldn't be doing anything that can and will be done more effectively, efficiently, economically, affordably by the private sector.

The private sector has profit motive and therefore will figure out how to make products and services attractive and affordable so many will buy them.

The government we have now for the most part doesn't give a shit how much something costs or whether anybody actually wants it or whether it actually is a good thing.

 

[Montrovant]

Sure. The government was pretty much totally uninvolved in the development of the personal computer, Apple, Windows, and most of the software we take for granted. Initially only the wealthiest people could afford them, but interested in making a product appealing to everybody, the private sector kept improving, streamlining, developing potential until few people now cannot afford a computer or some sort of tablet to access the internet and the almost unlimited information it makes available to us.

Ditto the mobile phone. The first models were big, heavy, clunky and limited due to limited network access. All you could do with them was make and receive telephone calls. Now the mobile smart phone is essentially a hand held computer capable of many functions as well as access to the internet with call and text and video messaging functions and almost unlimited free and affordable apps to use and there are models affordable for just about everybody.

I already gave an example of the gasoline powered automobile that the government was totally uninvolved in. The earliest models were available only to the rich. But by the time the private sector improved and streamlined and mass produced them, most people could and did afford one, at least one per household.

When the government got involved in managing education, it became unaffordable for most without some kind of subsidy or going into debt. When the government got involved in healthcare it became unaffordable for most without some kind of subsidy or going into debt or without buying insurance that was far more expensive than before.

Government shouldn't be doing anything that can and will be done more effectively, efficiently, economically, affordably by the private sector.

The private sector has profit motive and therefore will figure out how to make products and services attractive and affordable so many will buy them.

The government we have now for the most part doesn't give a shit how much something costs or whether anybody actually wants it or whether it actually is a good thing.

I'm not sure your examples are entirely relevant to the discussion of grocery prices, unless you think some sort of new technology will be developed to make food cheaper.

I don't think Apple is a great example, either, because they have long had overinflated prices.

Government intervention can be, and often is, a negative. However, even if the government doesn't meddle, that doesn't mean prices will drop.

 

[Foxfyre]

I'm not sure your examples are entirely relevant to the discussion of grocery prices, unless you think some sort of new technology will be developed to make food cheaper.

I don't think Apple is a great example, either, because they have long had overinflated prices.

Government intervention can be, and often is, a negative. However, even if the government doesn't meddle, that doesn't mean prices will drop.

My examples were to illustrate that the private sector, driven by profit motive, is far more likely to develop, refine, and produce more products and services that more people want and can afford than ANY other catalyst can do. And again the most profitable price will be neither the lowest it could be nor as much as it could be but will be at a price that will produce the greatest profit..

Government will rarely ever do ANYTHING other than shared services more efficiently, effectively, economically as the private sector will do. And too often government interference with the process will cause whatever the meddle in to be far more expensive than it has to be.

P.S. Apple charges only as much as what the market will bear to proudce those profits. And they have a very loyal and lucrative market share. Their stock is doing very well. If the competition offers products comparable to apple products at a lower cost, then Apple's costs will come down.

Competition is another important factor. Those competing with Apple have produced products and services that people like me appreciate and can afford. My humble Android phone may not be an i-phone but it is all I need and costs a fraction of what the best i-phone costs.

Government has no competition and the power to impose fees and taxes and has little incentive to either shoot for excellence, efficiency, or affordability.

 

[SweetSue92]

People struggling KNOW the reality of the economy. They are paying more for less and know it.

No amount of LIES gonna change that.

You can lie to people about a lot of stuff, but not about their money, and what their money will buy.

 

[sparky]

We had the DOT.COM bubble burst, plunging us into a depression, and President Clinton passed it off to President Bush. He could have been a great president if he had kept it in his pants.

. In addition to the Impeachment of President Clinton for felony perjury. These are the results and convictions of the various investigations into President Clinton.

Whitewater

Arkansas Gov. Jim Guy Tucker - fraud felony convictions - 3 counts (Tucker resigned facing impeachment)

Jim McDougal - fraud and conspiracy felony convictions - 18 counts

Susan McDougal - felony - 4 counts (pardoned during Clinton's last minute pardongate payoffs)

William J. Marks Sr - conspiracy Stephen Smith - conspiracy

Larry Kuca - Fraud Neal Ainley - 2 misdemeanors for embezzlement

David Hale - guilty plea - conspiracy

Chris Wade - felony - Whitewater real-estate investor

John Haley - felony 1998 on fraud

Robert Palmer - felony for conspiracy

Charles Matthews - guilty plea for bribery

Eugene Fitzhugh - Whitewater - bribery

Webster Hubbell - #2 ranking Justice Dept. Official - felony for embezzlement and fraud

John Latham - CEO of Madison Bank - bank fraud Campaign Finance:

Johnny Chung - Clinton cronie - felony guilty plea - funneling money from China

Gene Lum - convicted - felony for money laundering for the DNC

Nora Lum - convicted - felony for money laundering for the DNC

Howard Glicken - guilty plea - 2 midemeanors - funneling foreign donations

Yah Lin "Charlie" Trie - guilty plea - illegal Clinton campaign donations

John Huang - Clinton cronie - felony guilty plea - funneling money from China

Paula Jonesgate:
William Jefferson Clinton - found guilty - civil contempt of court - lying under oath about material facts. The Office of the Independent Council further presented Clinton with an agreement that had him disbarred from practicing law for 5 years and made him signed statement admitting to his deception

Post Administration
Sandy Bergergate

Sandy Berger – Clinton National Security Adviser -- found guilty of stealing highly classified documents from the National Archive and destroying them​

Whitewater

Cattlegate

Nannygate

Helicoptergate

Travelgate

Gennifer Flowersgate

Filegate

Vince Fostergate

I wonder where those Whitewater billing records came from gate

Paula Jonesgate

Federal Building campaign phone callgate

Lincoln bedroomgate

White House coffeegate

Donations from convicted drug and weapons dealersgate

Buddhist Templegate

Web Hubbell hush moneygate

Lippogate

Chinese commiegate - Clinton was practically endorsed by red China Update!

Let's blame Kenneth Starrgate

Zippergate/interngate - the Lewinsky affair itself

Perjury and jobs for Lewinskygate - the aftermath

Willeygate

Web Hubbell prison phone callgate

Selling Military Technology to the Chinese Commiesgate

Coverup for our Russian Comrades as Wellgate

Wag-the-Dog-gate

Jaunita Broaddrick gate

PBS-gate

Email-gate

Vandalgate

Lootergate

• Pardongate

Thank you for the signs and symptoms of a failed nation Markle

~S~

 

[sealybobo]

BS. You live in an alternate Universe

BS. If you think the election was stolen and that the justice department has been weaponized, you live in an alternate universe.

 

[eagle1462010]

BS. If you think the election was stolen and that the justice department has been weaponized, you live in an alternate universe.

You damn straight I do.

 

[sealybobo]

You damn straight I do.

I know it's crazy. Trump weaponized or criminalized the office of the Presidency.

 

[Montrovant]

My examples were to illustrate that the private sector, driven by profit motive, is far more likely to develop, refine, and produce more products and services that more people want and can afford than ANY other catalyst can do. And again the most profitable price will be neither the lowest it could be nor as much as it could be but will be at a price that will produce the greatest profit..

Government will rarely ever do ANYTHING other than shared services more efficiently, effectively, economically as the private sector will do. And too often government interference with the process will cause whatever the meddle in to be far more expensive than it has to be.

P.S. Apple charges only as much as what the market will bear to proudce those profits. And they have a very loyal and lucrative market share. Their stock is doing very well. If the competition offers products comparable to apple products at a lower cost, then Apple's costs will come down.

Competition is another important factor. Those competing with Apple have produced products and services that people like me appreciate and can afford. My humble Android phone may not be an i-phone but it is all I need and costs a fraction of what the best i-phone costs.

Government has no competition and the power to impose fees and taxes and has little incentive to either shoot for excellence, efficiency, or affordability.

I agree, government usually has less motive to work efficiently. If anything, there often could be motivation to do the opposite, since profitability is not a driving factor.

But your comment about Apple charging what the market will bear speaks to my point; if people will pay more, there's no reason for them to lower prices. While a competing company could conceivably have an effect on that, when you have such a huge company (and one that has had allegations of stifling competition leveled against it from various sources), it's much harder for any sort of 'corrections' by the market.

Now, people could simply stop buying Apple products. That would quite possibly lead to a price drop. It's a little harder when it comes to groceries, however, as everyone needs food. If there are no good cheap alternatives to the food you buy, it's much harder to just not buy groceries.

I'm certainly not advocating for government to supply groceries, nor to set prices, nor any other particular intervention. I just don't think it's inevitable (or even likely) that the market will lead to lower prices.

 

[AveMarica]

IDK but they are raking it in.

Just stating a big profit number and declaring it "raking it in" isn't really useful without context. Kroger is a business that exists to turn a profit, so accomplishing that goal isn't in itself evil.

 

[AveMarica]

People struggling KNOW the reality of the economy. They are paying more for less and know it.

No amount of LIES gonna change that.

Anecdotes and hearsay are not a good way to measure an economy.

 

[sealybobo]

Just stating a big profit number and declaring it "raking it in" isn't really useful without context. Kroger is a business that exists to turn a profit, so accomplishing that goal isn't in itself evil.

Thanks Captain Obvious.