Biden Takes Aim at Grocery Chains Over Food Prices
Biden Takes Aim at Grocery Chains Over Food Prices
President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
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Kroger has 2750 grocery stores. 912 million divided by 2750 is 0.3316 million in profit per store
or
each store they own generates $331,636 in profits a quarter.
This is 2.7% of their overall revenue.
What profit margin is acceptable? 0.1%? 0.0%?
I would say something around 10 to 15% would be an appropriate profit margin. But they would need to not try and get around that just by boosting executive pay. Now if they give the workers themselves better pay...
10-15% would be 3.7 times higher than what they have been making.
So they should have made 3.38 billion per quarter, instead of .912 billion.