Food Profit Margins Shrink but Kamala Harris blames them for rising grocery prices
- American Politics
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The links in the article don't show the numbers that the article claims (all I can see is the stock price over time), so it's hard to provide much substantive commentary on the factual aspects. I will say though that the claimed numbers don't really line up. If costs for manufacturers have gone up by 28% while profit margins have fallen by a few percent, then we should expect to see the net profit go up by less than 28% - and yet, profits for many food companies have gone up by 40-60% or more.![]()
Food Profit Margins Shrink, But Harris Blames Them for Rising Grocery Bills | The Daily Economy
"Based on her insistence that price gouging is responsible for high grocery prices — when it clearly is not — the Vice President’s proposal would more ...www.aier.org
I found this very interesting analysis of some facts. What are y'alls thoughts and opinions about this?
Here's some conflicting analyses:
Why Your Groceries Are Still So Expensive
Inflation may be leveling off but high food prices are here to stay. Companies have raked in huge profits while selling less food. But it doesn't have to be this way.
www.forbes.com
How Food Company Profits Are Making Groceries More Expensive
Conagra Brands, which makes Slim Jim, Reddi-wip, and Marie Callender's meals, posted a nearly 60% year-over-year profit increase so far this year.
The Real Root of High Food Prices: Corporate Greed and Consolidation
While families face climbing food prices, corporations rake in more profits. Biden has started to address this; he can and must go further.
Prices at the supermarket keep rising. So do corporate profits.
Prices at the supermarket keep rising. So do corporate profits.
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