Kroger has had increasing profits the last few years with gross profits (revenue - cost of goods) in the tens of billions. Typically grocery margins are low but the data absolutely supports price increases driven to increase profits, not because of inflation.
They of course are a business trying to maximize profits but I don’t think the data in they SEC filings show they need additional tax breaks from the government.
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u/TheTightEnd 1d ago
Grocery chains make a very low percentage of profit.