The good news is the rate of increase for grocery chains is slowing down due to increased expenses on their end.
It is tough running a business in general, no matter the size, and when you run one that offers something every human needs — it can be even more challenging. And, let’s face it, everyone needs to eat.. The reporter lamented the cost of groceries, using the phrase “sticker shock” to describe it. Yellen explained that many grocery retailers are dealing with increased expenses.
Somehow, Kroger still managed to squeak out a profit — a humble $3.1 billion. But that number doesn’t include taxes. They did much better in 2022 with an operating profit of $4 billion. That same year, Walmart Inc. had an operational profit of $21 billion in comparison.The Federal Trade Commission released a report
So while times are tough for families trying to keep food on the table, just remember you’re not bearing the burden alone.
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