Kroger executive admits company gouged prices above inflation

NakedHunterBiden

NakedHunterBiden

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local12.com

Kroger executive admits company gouged prices higher than inflation levels

According to the executive, Kroger intends to 'pass through our inflation to consumers.'
local12.com local12.com
CINCINNATI (WKRC) - A Kroger executive admitted to gouging prices on select items above inflation levels during an antitrust trial.

According to Newsweek,Andy Groff, Kroger's senior director for pricing, said the company had raised the cost of milk and eggs beyond the levels of inflation while testifying to a Federal Trade Commission attorney on Tuesday.
 
NakedHunterBiden said:
local12.com

Kroger executive admits company gouged prices higher than inflation levels

According to the executive, Kroger intends to 'pass through our inflation to consumers.'
local12.com local12.com
CINCINNATI (WKRC) - A Kroger executive admitted to gouging prices on select items above inflation levels during an antitrust trial.

According to Newsweek,Andy Groff, Kroger's senior director for pricing, said the company had raised the cost of milk and eggs beyond the levels of inflation while testifying to a Federal Trade Commission attorney on Tuesday.
Click to expand...
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I went to the movies friday night... 26.00 for a coke and popcorn...but thats OK huh


Starbucks Profits Soar by 31%--But It's Raising Prices Anyway...but thats OK​

 

Starbucks' new CEO will start life at the coffee giant with a pay packet that could be worth over $28 million​


Kroger Chairman and CEO Rodney McMullen earned a total compensation package of $15.7 million during the company's most recent fiscal year — about 18% less than he took home during fiscal year 2022
 
If you think you are spending a lot on groceries now, let the merger between Kroger and Albertsons go through?!!

If the Kroger-Albertsons merger goes through, that combined company + Walmart would control 70% of the grocery market in over 160 cities. Think prices are bad now? Without competition, it would be a price gouging free-for-all. This is why the FTC sued to stop the deal.
 
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Kroger sells a case of 32 Dasani bottled water for 7.49... .23 cents a bottle


Disney World sells that same brand of bottled water for 4.00 per bottle.....128.00 for every 32 sold.... No one bats an eye.


Who is price gouging?
 
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Kroger claims they need Albertsons to keep up with Walmart etc, if that's the case, the other companies should be split up instead of allowing more corporate giants.
 
volsrock1 said:
Kroger sells a case of 32 Dasani bottled water for 7.49... .23 cents a bottle


Disney World sells that same brand of bottled water for 4.00 per bottle.....128.00 for every 32 sold.... No one bats an eye.


Who is price gouging?
Click to expand...
Not Kroger's...
 
NakedHunterBiden said:
local12.com

Kroger executive admits company gouged prices higher than inflation levels

According to the executive, Kroger intends to 'pass through our inflation to consumers.'
local12.com local12.com
CINCINNATI (WKRC) - A Kroger executive admitted to gouging prices on select items above inflation levels during an antitrust trial.

According to Newsweek,Andy Groff, Kroger's senior director for pricing, said the company had raised the cost of milk and eggs beyond the levels of inflation while testifying to a Federal Trade Commission attorney on Tuesday.
Click to expand...
If you know your replacement costs are continuing to rise, this is not unusual.

So EXACTLY how much did they increase the price/ ... 0.5% ? ... or, as usual with white libs, it's a big secret???
 
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Mr.Badguy said:
Kroger claims they need Albertsons to keep up with Walmart etc, if that's the case, the other companies should be split up instead of allowing more corporate giants.
Click to expand...
If you hate corporate giants, ... then attack facebook, google, amazon, apple, microsoft, etc.. Or call yourself an amoral hypocrite white libster. Your choice. :dunno:
 
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this HAS to be FAKE news right?
haven't the right wingers been crying for months now it was all Biden's fault?
the people on the left have been saying it has been price gouging or at least prices are a lot higher then they should be , with large corporations raking in record profits year after year it is about time the FTC and Congress got off their asses and started looking into all these record profits and seeing if it is price gouging or not.
and like I have said before I am not against a company making a REASONABLE profit but when they had record profits last year and they jump like 141% over last years profits like EXXON'S did this year Congress should look into it.
Exxon said it made 99.7 Billion on the sales of 14 Billion gallons of fuel they sold.
so they could drop the price of fuel ( gas ) by 1 dollar a gallon and they still would have a RECORD profit of 85.7 Billion , heck even with that profit they could even drop it a little more.
and fright prices would come down and the price of just about everything could come down.
it is time for Congress to step in and look at if there is wide spread price gouging going on.
Have a nice day
 
can't find the post where Exxon poster those record profits but here is on showing they profits over the last few years

Exxon Gross Profit 2010-2024 | XOM

Exxon annual/quarterly gross profit history and growth rate from 2010 to 2024. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services. <ul...
www.macrotrends.net www.macrotrends.net



[th]
Exxon Quarterly Gross Profit
(Millions of US $)

[/th]
[td]
2024-06-30

[/td]
[td]
$22,478

[/td]
[td]
2024-03-31

[/td]
[td]
$20,068

[/td]
[td]
2023-12-31

[/td]
[td]
$21,584

[/td]
[td]
2023-09-30

[/td]
[td]
$21,276

[/td]
[td]
2023-06-30

[/td]
[td]
$18,893

[/td]
[td]
2023-03-31

[/td]
[td]
$23,904

[/td]
[td]
2022-12-31

[/td]
[td]
$27,393

[/td]
[td]
2022-09-30

[/td]
[td]
$33,969

[/td]
[td]
2022-06-30

[/td]
[td]
$32,514

[/td]
[td]
2022-03-31

[/td]
[td]
$20,317

[/td]
[td]
2021-12-31

[/td]
[td]
$20,749

[/td]
[td]
2021-09-30

[/td]
[td]
$17,433

[/td]
[td]
2021-06-30

[/td]
[td]
$14,196

[/td]
[td]
2021-03-31

[/td]
[td]
$11,824

[/td]
[td]
2020-12-31

[/td]
[td]
$7,715

[/td]
[td]
2020-09-30

[/td]
[td]
$7,794

[/td]
[td]
2020-06-30

[/td]
[td]
$6,487

[/td]
[td]
2020-03-31

[/td]
[td]
$8,946

[/td]
[td]
2019-12-31

[/td]
[td]
$15,150

[/td]​



[th]
Exxon Annual Gross Profit
(Millions of US $)

[/th]
[td]
2023

[/td]
[td]
$85,657

[/td]
[td]
2022

[/td]
[td]
$114,193

[/td]
[td]
2021

[/td]
[td]
$64,202

[/td]
[td]
2020

[/td]
[td]
$30,942

[/td]
[td]
2019

[/td]
[td]
$53,786

[/td]
[td]
2018

[/td]
[td]
$64,695

[/td]
[td]
2017

[/td]
[td]
$53,352

[/td]
[td]
2016

[/td]
[td]
$44,475

[/td]
[td]
2015

[/td]
[td]
$53,349

[/td]
[td]
2014

[/td]
[td]
$83,480

[/td]
[td]
2013

[/td]
[td]
$89,755

[/td]
[td]
2012

[/td]
[td]
$110,658

[/td]
[td]
2011

[/td]
[td]
$106,151

[/td]
[td]
2010

[/td]
[td]
$84,805

[/td]
[td]
2009

[/td]
[td]
$63,998

[/td]​



42.5 Billion in 6 month of this year , on the sale of how many gallons of gas?
either way these record profits year over year have to be looked into it see if it is gouging or not and if it is Congress should do something about it.
Have a nice day
don't know why it printed this way but if you go to the link you can get the info.
 
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Kroger's, AMERICA'S NUMBER ONE GROCERY STORE CHAIN, has been trying to buy and acquire SAFEWAY- AMERICA'S 2nd largest grocery store chain for over 4 years now.

The Biden Administration has warned Krogers and Safeway, that they would use Anti-Trust laws to prevent the merge. The Biden Administration threat is the only guardrail that has stalled the acquisition.

This acquisition would present one of the largest monopolies in American history.

And Krogers is not a PRO-LABOR employer. In fact, Kroger's only full-time employees are in Management, or Administrative roles- EVERYONE ELSE YOU SEE WORKING IN KROGER'S STORES, Warehouses, and Meat Packaging Plants, are PART-TIME employees, only allowed to work 38 hours a week so that they only PART-TIME employees- AND WITHOUT ANY COMPANY BENEFITS WHAT-SO-EVER.

Kroger's learned during the COVID disaster, that empty shelves actually benefits them. When regular shoppers see a hole on the shelf where their preferred cheaper brands are all out, the shoppers will buy Kroger's more expensive brands, and the slowest movers, the ones with the highest profit margins for Kroger's- because those are all that is available when the Sale Items and cheaper brands are all out.

This is another reason why stocking at Kroger's only happens after the store closes by either part-time employees or Merchandising companies that do the stocking. If something runs out on the shelf during store hours, customers will buy the slow movers and most expensive items because that is all that is available to them.

Kroger's laughs all the way to the bank while gouging the customers, as they actually create an availability problem, WHEN THE MERCHANDISE THE CUSTOMERS NEEDS AND WANTS ARE ACTUALLY IN THE STOCK ROOMS- but just not out on the shelves- because the stocking only happens after store hours.

It's a scam!
 
Corporate profits have been at all-time high levels, year after year. They claim small profit margins by dumping millions into executive salaries and bonuses. You must understand, that the wealthy never have enough. The only power that can stand up to the wealthy is the government through regulation and taxes. Corporations have managed to convince people that regulation is wrong. It is the only power people have to stand up to the wealthy. End regulation and trust the corporations and wealthy to do the right thing. I guess the 2008 crash taught us nothing.
 
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