Are all these poor people that can't afford to go anywhere else for food too?
Those poor Publix shoppers... 🤣🤣🤣
Publix net earnings up nearly 50% in 2023.
Publix reports 49% growth in net earnings in FY23
US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22's $2.9bn.www.retail-insight-network.com
Those poor Kroger shoppers.
Kroger profits 2023.....
Kroger annual gross profit for 2024 was $33.364B, a 4.99% increase from 2023. Kroger annual gross profit for 2023 was $31.778B, a 4.71% increase from 2022.
Those poor Trader Joes customers...
The fan-favorite specialty retailer saw visits increase 6.3% in May compared to January of 2022.
Those poor Costco grocery shoppers....
Well as I said, anyone with a brain knows those headlines mean nothing without looking at actual revenue, expense and margin detail. And adjusting for inflation to see real numbers.
And people being unable to afford to eat out or travel in Biden’s economy, so going to Trader Joe’s more isn’t telling the story you want the number to tell.