what the hell is jessica tarlov spewing about exorbitant profits of Kroger

[Toddsterpatriot]

If they can charge what they want, and they all charge more, then we get inflation.

Thats exactly what has happened.

Did they just discover, under Biden and Harris that they can all charge more,
or have they always been able to do so?

 

[Weatherman2020]

From the link:

• Kroger gross profit for the quarter ending April 30, 2024 was $10.145B, a 0.59% increase year-over-year.
• Kroger gross profit for the twelve months ending April 30, 2024 was $33.424B, a 3.75% increase year-over-year.
• 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.
• Kroger annual gross profit for 2022 was $30.349B, a 1.79% decline from 2021.

Typical commies don’t know what GROSS PROFIT means.

Google gross profit was $174B last year. Facebook $39B. Apple $170B. Microsoft $73B. Starbucks $25B

Moral of the story is you don’t make much selling groceries.

Kroger EARNINGS was $2.1B last year.

 

[Weatherman2020]

We will pay more for groceries because the people that manufacture our food will charge the highest price we are willing to pay and take is larger and larger profits.

And they convinced you it was someone else that did it.

Thats the American way!

Do you work for half of what the going salary is for your job, comrade?

 

[Marener]

When in history have producers ever not wanted more profits? DURR

Never.

Are you mad that you’re paying considerably more for groceries to support their increasing profits?

 

[Toddsterpatriot]

Never.

Are you mad that you’re paying considerably more for groceries to support their increasing profits?

Never.

Exactly. So why don't they all, every year, raise prices 10% or more?

Are you mad that you’re paying considerably more for groceries

I'm angry that government stupidity has made many things more expensive.

to support their increasing profits?

What are their profit margins? What should they be? How do you know?

 

[Marener]

Never.

Exactly. So why don't they all, every year, raise prices 10% or more?

Are you mad that you’re paying considerably more for groceries

I'm angry that government stupidity has made many things more expensive.

to support their increasing profits?

What are their profit margins? What should they be? How do you know?

They raised prices and their profit margins increased. What does that tell you?

 

[HikerGuy83]

Only if they actually coordinate about it. If they all just kind of do it at the same time, without any agreement, it’s not illegal.

Yep, and they would never undercut each other, now would they ?

 

[HikerGuy83]

They raised prices and their profit margins increased. What does that tell you?

My stock portfolio looks better.

 

[Marener]

Yep, and they would never undercut each other, now would they ?

Why would they? They’re making record profits without having to lift a finger.

 

[Marener]

My stock portfolio looks better.

Sure I guess. But you missed the point.

The point is that price increases were not driven solely by cost increases. Far from it.

 

[Toddsterpatriot]

They raised prices and their profit margins increased. What does that tell you?

What are their profit margins? What should they be? How do you know?

 

[Toddsterpatriot]

Why would they? They’re making record profits without having to lift a finger.

Why haven't they done the same every year for the last 50 years?

 

[Toddsterpatriot]

The point is that price increases were not driven solely by cost increases. Far from it.

What were they driven by? What should they have been driven by? How do you know?

 

[HikerGuy83]

Why would they? They’re making record profits without having to lift a finger.

This is simply stupid.

Prices are set to clear the market. Do you know what that means ?

 

[HikerGuy83]

Sure I guess. But you missed the point.

The point is that price increases were not driven solely by cost increases. Far from it.

It's a false point.

Nice try.

 

[Marener]

What are their profit margins? What should they be? How do you know?

These are publicly traded companies so they’re reported publicly. The results I’ve seen showed a lot of margins going from 12% to 18%.

What does that tell you?

 

[Marener]

It's a false point.

Nice try.

What is false about it?

 

[Toddsterpatriot]

These are publicly traded companies so they’re reported publicly. The results I’ve seen showed a lot of margins going from 12% to 18%.

What does that tell you?

Tell me a few, I'd love to see that.

 

[Failzero]

food is political now?....

Everything is political to the Commies

 

[progressive hunter]

Price increases = inflation

My word you guys are dumb.