Sharp and sustained economic criticism from Biden's ostensible allies established a narrative of failure that has proved alarmingly resistant to reality.
Shop at costco. Groceries are expensive because grocery chains are padding their profit margins. For example: Ham for sandwiches is $2.99 a pound at costco, $10.99 a pound at Kroger/Publix. And the costco ham is real.
Publix made $4.3 billion in profit in 2023 - about $3m per store, up 48% from 2022. Kroger’s net profit margin is up 53% year on year.
Shop at costco. Groceries are expensive because grocery chains are padding their profit margins. For example: Ham for sandwiches is $2.99 a pound at costco, $10.99 a pound at Kroger/Publix. And the costco ham is real.
Publix made $4.3 billion in profit in 2023 - about $3m per store, up 48% from 2022. Kroger’s net profit margin is up 53% year on year.
100% agree. Costco makes most of their profit (more than 50%) from membership fees. The membership fees really are not that high.
The price you’re paying for the stuff you find on the shelves is really very very close to what it costs them to put it on the shelves.