“Kroger, the largest chain that isn’t Walmart or Costco has a profit margin of 22%. “
Kroger’s net profit (Nov 2023) was 1.9%, not 22%.
That makes more sense. I have always heard that grocery stores operate at a 1-2% profit margin.
Milk is typically sold at or below cost as a LOSS LEADER.
Hence, this is why they always put it in the back corner of the store. So, that you hopefully buy something else that they make money on.
FYI, I bought chicken leg quarters on sale this week at Market Basket in NH for $.79/pound. This is equivalent to pre covid pricing.
DEMOCRATS ONLY KNOW HOW TO LIE.