The article keeps harping on how Kroger makes hundreds of millions of dollars. That is true. Kroger made $2.3 billion in their 2019 financial year (the latest available) but that was on over $122 billion in sales for a mere 1.8% operating profit margin. That is a razor thin margin. There is no wiggle room there.
The article keeps harping on how Kroger makes hundreds of millions of dollars. That is true. Kroger made $2.3 billion in their 2019 financial year (the latest available) but that was on over $122 billion in sales for a mere 1.8% operating profit margin. That is a razor thin margin. There is no wiggle room there.
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