So let's take a look at the profit margins of one grocery chain that Kamala claims is 'price gauging

[mystery-ak]

August 17, 2024
So let's take a look at the profit margins of one grocery chain that Kamala claims is 'price gauging'
By Jack Hellner

Kamala, and these who surround her and support her claim that that gross profit margins are up among food producers and retailers and that is proof that they are gouging consumers.

That is BS or pure stupidity. You can tell they never ran a business.

Kamala says she is going to focus like a laser beam on grocery stores who are guilty of "price gauging" as she, sic, put it.

These people get so aggravated if someone pronounces her name wrong but she can't even read a teleprompter and pronounce "gouging" correctly.
They clearly don't understand direct costs and overhead or indirect costs.
 
A grocery store's net income is very low as a percentage of sales.
 
Here is an article showing the net profit margin of Kroger, a major retail grocery chain, in each quarter from 2012 to April 2024.
 
The profits (losses) range from a low of negative 1.44% to a positive 5.37% for one quarter in 2018. The second highest quarter is 2.92% during COVID. In April of 2024, the profit margin is a whopping 2.09%.
 
Now which of those profit margin numbers indicates that the company is screwing its customers and that the government should come in and control them?

more
https://www.americanthinker.com/blog/2024/08/so_let_s_take_a_look_at_the_profit_margins_of_one_grocery_chain_that_kamala_claims_is_price_gauging.html

[Hoodat]

Kamala:  "What's a 'profit margin'?

[PeteS in CA]

Kammie's just following CA Dems' standard narrative when gasoline prices rise. The public whine is price gouging seasoned with "investigations". What is much less public - enabling recycling of the narrative every 2 or 3 years - is that the investigation finds that the EEEeeeeeee-Vile oil companies did not price gouge.

Kammie's doing the same thing, knowing the MSM will not fact-check her claim, her listeners are not likely to fact-check her claim, and the MSM will bury businesses' responses with facts deeper than Page C-5 (maybe even Page ZZ-28!).