How are you all making it right now with grocery store prices?
How are you all making it right now with grocery store prices?
I don't know how they think we're all going to survive with these prices.
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169 comments
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Groceries will blame inflation and whatnot, yet they're printing record profits.
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That's because the truth is the other way around. It's the hoarding of record profits by the corporate class what drives the inflation
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That’s their point.
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somehow these poor struggling grocers can still buy one another for twenty five billion dollars.
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overall sales are up, prices are waaay tf up.
gross margins are down slightly, but they're taking that 27.7% (vs 28.1%) from a larger pie.
profits are up.
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The point being is the cash grab is further up the line
It's certainly not the farmers getting paid more.
If anything, the agrifood business that they sell to are pushing the farm gate price down, while at the same time input costs continue to rise.
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I also buy local and they're thinking about calling it quits. You work all day and margins are so low, they can't keep fixing / replacing what breaks without increasing debt.
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Tell that to the billionaires who's net value doubled in 12 months.
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169 comments