Kroger grocery stores run on a 2% margin

But Kamala is going to squeeze 'em for gouging to save us money.  Never trust a Lyin' Liberal.

Is that from the same source that told you about the crowd size at the union hall?   

I'm against Harris' so-called price gouging scheme, but MAGA being MAGA, they think the food just appears at the grocery store. Are there other companies involved, like Big Food(MAGA hates Big Pharma)?

From Justfood.com Feb 10, 2023:

"PepsiCo said Frito-Lay North America is the “jewel” of its crown as the food and drinks group reported an “outstanding year” from the snacks division in 2022.

Speaking after PepsiCo reported an overall 14.4% organic increase in its top line for the year ended 31 December, CEO Ramon Laguarta hailed Frito-Lay North America as the “jewel” of the portfolio, having seen double-digit operating profit growth for potentially the first time.

Frito-Lay North America booked an 11% rise in core, constant-currency operating profit for 2022, or a 9% increase on a GAAP basis.

“The Frito business is the jewel of PepsiCo,” Laguarta said. “We’ve put a lot of investments in the last couple of years and the business continues to respond better every year.

“The operating profit growth of Frito this year is in the double digits which we haven’t seen in history almost.""

"Frito-Lay North America saw a 27% operating margin for the full year. CFO Hugh Johnston said: “Obviously, when you have a margin that high, your goal should be to grow that business as fast as you possibly can"

PepsiCo CEO Ramon Laguarta hails Frito Lay “jewel of crown” (just-food.com)

Racist Boiler dropping in and dropping MAGA doo-doo talking points.

For the last three years Tom and Boiler have complained about inflation non-stop and said Biden is to blame.

I pointed out in all those threads other than higher interest the only thing that can be done is price controls. So either you are for price controls are you aren't. Which is it?

I also note Trump has purposed hard core price controls (gas under $2 and half-priced natural gas and electric) and not an around the edges with anti-gouging laws like she did. Maybe Boiler should ask his friend what mandated gas under $2 would do to the domestic oil industry.

Trump

I also note Trump has purposed hard core price controls

Never said that.

Is that from the same source that told you about the crowd size at the union hall?

On average, grocery stores make about 2.2% profit on each product they sell which isn’t a lot of profit, so how are they able to operate?

https://www.eposnow.com/us/resources/what-are-the-average-grocery-store-profit-margins/

The average net profit margin range for the food processing industry is 4%. The median food processing industry profit margin is 3%.

https://microcap.co/food-processing-industry-profit-margin/#:~:text=The%20average%20net%20profit%20margin%20range%20for%20the,median%20food%20processing%20industry%20profit%20margin%20is%203%25.

I'm actually going to make a serious contribution to this thread which is unworthy of it.....but here goes anyway.

Two examples of recent price hikes:

(A) An avian bird flu wiped out half the chicken livestock in the country.   As a result the price of eggs soared because the demand was greater than supply.   it wasnt anybody's fault.   Its not something that should be addressed by the government.    It will fix itself in time.

(B) The largest Beef meatpackers voluntarily bred fewer cattle starting in 2020 in a deliberate effort to reduce the supply of beef thereby rasing the price.    Thats the main reason steak is expensive right now.     Thats price gouging and those companies are enjoying record profits to the tune of doubling their profits within a two year period..      Thats something the government should look at.   If individual corporations have enough power to single-handedly control price then they have too much power.

In the instance of example (B) its not Kroger that would have action taken upon them but rather the meatpackers who sell to Kroger.    And their profit margins are the highest they've ever been.    But it sure sounds better when Tom and Boilerman make up some bullshit about Kroger.

And thats why you have to look at what the policy is instead of letting some inbred insurrectionist on FOX News interpret it for you.    

Source: Fact Check record profir for meat packers

Thanks, tom for confirming that Frito-Lay and the 4 largest meat packers took advantage of inflation and used it to make as large a price increase as they could resulting in record profits while Americans struggled to feed their families. Your average numbers show how much these corporations pushed pricing while they could.

Frito-Lay has realized that they may have gone to far trying to maximize their profits.

Axios, July 11, 2024:

"PepsiCo CEO Ramon Laguarta today signaled that the company's price increases might've gone too far.

• "Some parts of the portfolio need value adjustments," he said of the Frito-Lay owner's snack products, adding that "for particular consumers, we need some new entry price points.""

And their profit margins are the highest they've ever been

Historical net income % is under 8%, that is not price gouging.  Most of these companies make about 4%

Companies have good years and bad years.

Tyson Foods net income for the quarter ending June 30, 2024 was $0.191B, a 145.8% decline year-over-year.

 Tyson Foods net income for the twelve months ending June 30, 2024 was $-7M, a 102.06% decline year-over-year.

 Tyson Foods annual net income for 2023 was $-0.648B, a 120.01% decline from 2022.

Tyson Foods annual net income for 2022 was $3.238B, a 6.27% increase from 2021.

I never said it was price gouging, I was pointing out that MAGA loves to quote supermarket profit margins when they talk about Harris' proposal, I was pointing out that there are a lot of companies involved in getting food to the supermarket. Some of them were able to generate higher profits when inflation was high, that's all. I don't agree with the proposal as I stated in my first post.

Where's your source for "the largest beef meatpackers voluntarily bred fewer cattle starting in 2020 in a deliberate effort to reduce the supply of beef thereby raising the price". So, these rancher mafioso convened in a mountain cabin somewhere to artificially raise the retail beef price by reducing production and supply? 

What about the real effects of Covid on meat packing plant closures / restrictions on supply and demand? What about production cost increases ( feed, transportation, logistics) that are still in effect today? What about Covid effects on grocery stores and food service outlets? You think all that is over with? All these multi-leg stops on the beef supply chain have increased prices post-Covid to the next entity down the line..as have almost every other industry that the consumer does business with. It's a little short-sided to blame the meat packers as the main cog in increased beef prices...it's a complex commercial food service system. Granted, these meat packers have nearly monopolistic power..but to assign all blame to them for cost increases doesn't address the complexity of the beef supply chain.