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Started By
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Kroger hiked milk, egg prices above inflation, merger judge told
Posted on 8/28/24 at 11:51 am
Posted on 8/28/24 at 11:51 am
quote:
Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the U.S. government’s bid to block the grocery chain’s purchase of rival Albertsons Cos.
quote:
In a March 2024 email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.
quote:
“On milk and eggs, retail inflation has been significantly higher than cost inflation,” Groff wrote.
quote:
Groff testified about his email as part of a federal antitrust lawsuit by the Federal Trade Commission and a group of states to block Kroger from buying the Albertsons chain. U.S. District Judge Adrienne Nelson in Portland is expected to rule on whether to stop the $24.6 billion acquisition from moving forward.
LINK
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Posted on 8/28/24 at 11:53 am to c on z
I'm not a fan of these giant companies consolidating.
However, Kroger can charge whatever the frick it wants for eggs and milk.
This price gouging nonsense is idiotic. Either the government money printing causes inflation or EVERY SINGLE SELLER in the country has mysteriously colluded to gouge the consumer 100% bypassing market forces and supply and demand.
However, Kroger can charge whatever the frick it wants for eggs and milk.
This price gouging nonsense is idiotic. Either the government money printing causes inflation or EVERY SINGLE SELLER in the country has mysteriously colluded to gouge the consumer 100% bypassing market forces and supply and demand.
Posted on 8/28/24 at 11:54 am to c on z
“Democrats told me grocery stores are the new enemy so I am now outraged at grocery stores”
Posted on 8/28/24 at 11:56 am to RaginCajunz
Here are the “experts” people like him get their information from
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Posted on 8/28/24 at 11:56 am to c on z
I haven’t clicked the link yet, did the profitability of Krogers (not profit but profit %) increase since before COVID?
Posted on 8/28/24 at 11:56 am to c on z
Company tries everything possible to make money. More news at 10.
Posted on 8/28/24 at 11:57 am to upgrayedd
In my area the competition for grocery business is fierce. We have local, regional and nation options.
The govt. needs to stay out of the grocery business.
The govt. needs to stay out of the grocery business.
Posted on 8/28/24 at 11:57 am to upgrayedd
Come on
You know it's been a cash grab since 2020 for myriad of industry. Posted on 8/28/24 at 11:58 am to c on z
Was this offset by lower prices on other items or by increased costs in other areas? So much info missing.
Posted on 8/28/24 at 11:59 am to LSUBFA83
Kroger is high as hell though
Posted on 8/28/24 at 11:59 am to LSUBFA83
c on z has his progressive talking points for the day, so he's rolling. Facts have nothing to do with it.
I mean look at the Robert Reich twitter post. Should tell you everything you need to know.
I mean look at the Robert Reich twitter post. Should tell you everything you need to know.
Posted on 8/28/24 at 12:00 pm to upgrayedd
quote:
“Democrats told me grocery stores are the new enemy so I am now outraged at grocery stores”
If they told them they had wear dildos strapped to the top of their heads they would do it w/o question.
Posted on 8/28/24 at 12:00 pm to upgrayedd
Gross Profit less then 20% how do you cover admin
Posted on 8/28/24 at 12:02 pm to upgrayedd
Kroger is our predominant store, and their prices are outrageous. We shop as much as we can at Sams/Costco.
Posted on 8/28/24 at 12:03 pm to RaginCajunz
Corporate food companies have made record profits since the beginning of the pandemic.
Seems too many people want to point the finger everywhere except there.
Posted on 8/28/24 at 12:04 pm to c on z
The most shocking thing in the OP is that anyone considers Albertson's to be a rival of Kroger,
Posted on 8/28/24 at 12:05 pm to c on z
It is hilarious to see the useful idiots bleeding from their holes over grocery stores (who have one of the lowest profit margins of any industry) while their government overlords send hundreds of billions to Ukraine and they beat their dicks like goons watching kiddie porn.
Posted on 8/28/24 at 12:05 pm to c on z
quote:
roger hiked milk, egg prices above inflation
I mean... so what? Isn't that their right as a retailer to charge what the want (and what the market will bear)?
Posted on 8/28/24 at 12:05 pm to RaginCajunz
quote:
I'm not a fan of these giant companies consolidating.
However, Kroger can charge whatever the frick it wants for eggs and milk.
How about when they are the only one left to buy from?
Posted on 8/28/24 at 12:06 pm to RaginCajunz
quote:
Either the government money printing causes inflation or EVERY SINGLE SELLER in the country has mysteriously colluded to gouge the consumer 100% bypassing market forces and supply and demand.
Considering what the egg producer Cal-Maine has been going through, it’s the latter here.
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