Kroger’s Year-to-Date Earnings Double While Pushing for Merger That Will Raise Food Prices

  • 📰 commondreams
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Newswire Editor is a Common Dreams staff position.

Today, Kroger reported $466 million in Q2 2024 earnings, with year-to-date earnings of $1.4 billion nearly doubling from 2023—sky-high totals that coincide with criticism that some grocery retailers continue to use inflation as an excuse to pad profits.

Make no mistake: If the merger goes through, it will leave many families worse off with higher prices and fewer store locations.” —Accountable.US Liz Zelnick The Consumer Financial Protection Bureau recently found that Kroger—along with Dollar General and Dollar Tree/Family Dollar—has charged Americans over $90 million in junk fees annually “just to access their own money” via cash back transactions. In response, government watchdog Accountable.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 530. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best Buy raises full-year profit guidance after earnings and revenue beatBest Buy now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20.
Source: CNBC - 🏆 12. / 72 Read more »

Best Buy raises full-year profit guidance after earnings and revenue beatBest Buy now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20.
Source: NBCLA - 🏆 319. / 59 Read more »

Best Buy raises full-year profit guidance after earnings and revenue beatBest Buy now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Best Buy raises full-year profit guidance after earnings and revenue beatBest Buy now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20.
Source: nbcsandiego - 🏆 524. / 51 Read more »

PetroChina posts record earnings for first half of the yearPetroChina posted a record-high operating profit for the first half of the year on the back of strong drilling output and higher oil prices.
Source: NBCLA - 🏆 319. / 59 Read more »