lawpoke87 said:

Krogers net margins are a little less than 1.5% over the past 5 years and pretty much in line with historical averages. Gross margins are largely irrelevant as they typically don’t take into account operating expenses. Again, Reich is throwing irrelevant info out in hopes the uneducated will buy into it. Probably a pretty good bet.

Kroger Net Profit Margin 2010-2024 | KR

Current and historical net profit margin for Kroger (KR) from 2010 to 2024. Net profit margin can be defined as net Income as a portion of total sales revenue. Kroger net profit margin for the three months ending July 31, 2024 was <strong></strong>.

www.macrotrends.net

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A) you telling me that does nothing to solve the lack of information within and alongside the post. Go figure that Musk’s platform can’t fact check for crap.

B) One thing you don’t account for is the possibility that the operating expenses were artificially inflated by inflated payrolls or investments in stores that wouldn’t have otherwise been made but that increased gross returns allowed. I know that stores near me nearly all received operational renovations recently, and some implemented unnecessary anti theft devices in their cart’s wheels. Those are probably wasted dollars in the long run.

Then again, aside from the ridiculous Kroger merger that shouldn’t happen, I think we really should look upstream of the grocers for profiteering. It’s not Kroger that are the problem, some of the problem is the Pepsi, Coke, or General Mills of the world.

For example Coca Cola’s net profit margin went from a 5 year average of 14.89% in the (approximately) 5 years prior to COVID to 23.84% average in the years during and since. General Mills went from around 10 to around 13 in the same time. JBS and Tyson’s margins skyrocketed in 21-23 before coming back to earth recently. Mondelez (think Oreos) went from around 9 to around 13 post Covid. McCormick saw record net profit during Covid but has since returned to earth. There are some companies that look as if they’re operating fairly in the market and others that are essentially gouging.