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Biden adviser calls for grocery chains to bring down their profit margins, as elevated prices still sting [No, this is not satire]
Morningstar ^
| 02/15/24
| Victor Reklaitis
Posted on 02/15/2024 9:03:36 AM PST by Eccl 10:2
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To: Eccl 10:2
This gal needs to get on the same page as the CA senatorial candidate that wants the min wage to go to 50/hr.
21
posted on
02/15/2024 9:16:37 AM PST
by
going hot
(Happiness is a Momma Deuce)
To: PGR88
Then he can claim a 50% drop in grocery store profits to lower prices.
To: who knows what evil?
It’s part of their chromosomes..................
23
posted on
02/15/2024 9:17:38 AM PST
by
Red Badger
(Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: Eccl 10:2
To: Eccl 10:2
effectively raising unit prices, but masking it by shrinking packaging
Which Began under YOU AND OBAMA, It was called "Hope and Change"
25
posted on
02/15/2024 9:18:47 AM PST
by
eyeamok
To: Eccl 10:2
If there have been high profits with regard to food you buy in the supermarkets, it is most likely at the middleman level (distributors to the supermarkets) and not the supermarkets themselves, which have net profits of from $0.01 to $0.03 (1-3%) on each dollard of revenue. Yes, some items sold earn above that, but when it comes to how well a store is doing it is the net figures accross everything they sell.
26
posted on
02/15/2024 9:18:48 AM PST
by
Wuli
To: PGR88
Don’t be too tough on them. I can guarantee no one in the administration has any idea what you’re talking about. They are that stupid. Gotta get Big Grocery!
27
posted on
02/15/2024 9:19:36 AM PST
by
hardspunned
(Former DC GOP globalist stooge)
To: Vermont Lt
“Kroger, the largest chain that isn’t Walmart or Costco has a profit margin of 22%. “
Kroger’s net profit (Nov 2023) was 1.9%, not 22%.
28
posted on
02/15/2024 9:21:45 AM PST
by
Wuli
To: Eccl 10:2
Communists don’t care about profit margins, no matter how small. They will just take over the supermarkets and stock with with bugs.
To: PGR88
Exactly. The stupidity of democrats on issues of business practices is
breathtaking.
30
posted on
02/15/2024 9:22:30 AM PST
by
DoughtyOne
(I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
To: Eccl 10:2
As a show of shared sacrifice will the Big Guy only take 5% now?
31
posted on
02/15/2024 9:23:26 AM PST
by
birdsman
(NAAWP)
To: Red Badger
32
posted on
02/15/2024 9:24:13 AM PST
by
FamiliarFace
(I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
To: Eccl 10:2
Virtue Grandstanding backfire.
33
posted on
02/15/2024 9:24:49 AM PST
by
bray
(You can tell who the Commies fear.)
To: z3n
As I commented above - the industry average net profits for supermarkets is between 1-3%, which translates to $.01 - $.03 per dollar of revenue.
That has been a very long standing feature of the supermarket industry and kinda amazing when you recognize how many of them have survived and do well on such low margins.
34
posted on
02/15/2024 9:25:05 AM PST
by
Wuli
To: alancarp
Food should not have a sales tax.
35
posted on
02/15/2024 9:26:17 AM PST
by
Harmless Teddy Bear
( In a quaint alleyway, they graciously signaled for a vehicle on the main road to lead the way. )
To: birdsman
36
posted on
02/15/2024 9:28:38 AM PST
by
Eccl 10:2
(Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
To: Vermont Lt
Kroger, the largest chain that isn’t Walmart or Costco has a profit margin of 22%. Don't know where you are getting your information from but it is wrong. 2.2% maybe in a good year.
37
posted on
02/15/2024 9:29:01 AM PST
by
Harmless Teddy Bear
( In a quaint alleyway, they graciously signaled for a vehicle on the main road to lead the way. )
To: PGR88
Exactly. Its normally a volume business. Very thin margins. That’s why they all have been trying to go to prepared foods rather than just trying to sell third party products.
38
posted on
02/15/2024 9:29:23 AM PST
by
Opinionated Blowhard
(When the people find that they can vote themselves money, that will herald the end of the republic.)
To: Eccl 10:2
Headline should read "
Biden Communist Adviser".
Truth
39
posted on
02/15/2024 9:29:31 AM PST
by
jpp113
To: rlmorel
I'm currently reading Atlas Shrugged for the fifth time. But every so often I've re-read parts of it. Francisco's money speech is one of them. So is the first chapter or so of Dagny's arrival in the valley.
But I've easily read the part about Kip Chalmers over a hundred times. It's become like a comedy. All those leftists perishing because of a failure to accept reality.
40
posted on
02/15/2024 9:30:08 AM PST
by
Ciaphas Cain
(Dear Claire Wolfe: Is it still "too early"?)
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