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Food Profit Margins Shrink but Kamala Harris blames them for rising grocery prices

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Vambram

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comana

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Vambram said:
www.aier.org

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 www.aier.org

I found this very interesting analysis of some facts. What are y'alls thoughts and opinions about this?
Click to expand...
I’ve read and linked in an other thread an article from Forbes stating record profits from these companies. I am inclined to find more credibility in that article over this one as this author is part of the Heritage Foundation which is all in for the Republicans.
 
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Larniavc

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Vambram said:
www.aier.org

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 www.aier.org

I found this very interesting analysis of some facts. What are y'alls thoughts and opinions about this?
Click to expand...
This worship/idolisation or whatever is going on of the Oligarchs really needs to stop.

Oligarchs don't need poor folk stanning for them.
 
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Hans Blaster

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comana said:
I’ve read and linked in an other thread an article from Forbes stating record profits from these companies. I am inclined to find more credibility in that article over this one as this author is part of the Heritage Foundation which is all in for the Republicans.
Click to expand...
To be fair, the Republican Party is just a tool Heritage uses to reach their goals of regulation-free corporations and Christian nationalism.
 
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Vambram

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Larniavc said:
This worship/idolisation or whatever is going on of the Oligarchs really needs to stop.

Oligarchs don't need poor folk stanning for them.
Click to expand...
There is absolutely zero idol worship going on around here. It is not my fault that y'all don't agree with the facts.
 
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RocksInMyHead

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Vambram said:
www.aier.org

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 www.aier.org

I found this very interesting analysis of some facts. What are y'alls thoughts and opinions about this?
Click to expand...
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.

Here's some conflicting analyses:

www.forbes.com

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 www.forbes.com

time.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.
time.com time.com

www.foodandwaterwatch.org

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.
www.foodandwaterwatch.org www.foodandwaterwatch.org

www.vox.com

Prices at the supermarket keep rising. So do corporate profits.

Prices at the supermarket keep rising. So do corporate profits.
www.vox.com www.vox.com
 
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