Popular Grocery Chain Admits To PRICE GOUGING In California, Utah, & Nevada
It seems like no matter where you look, everything is going UP! Utility bills, gas prices, clothing, fast food, and especially groceries. It’s all thanks to something called “inflation,” but here’s the kicker—why doesn’t “inflation” ever boost our paychecks? Kinda frustrating, right? Oddly enough, some businesses have been thriving this past year, and one in particular is at the center of this story. A major grocery chain just confessed to overcharging customers to pad their profits!
WHO'S BEEN JACKING UP THE PRICES?
According to Food Industry reports, Kroger pulled in over $148 billion in revenue during the 2023 fiscal year. But here’s where it gets wild: during recent antitrust hearings, Bloomberg revealed that a Kroger exec admitted to bumping up the prices on essentials like eggs and milk beyond what was necessary for inflation.
WHAT GROCERY STORES HAVE BEEN PRICE GOUGING?
Yep, Kroger fessed up to price gouging across the U.S. Now, while there aren’t any Kroger stores here in California, Nevada or Utah, we've got MANY subsidiaries. Kroeger owns several grocery stores across the United States.
- Ralphs
- Dillons
- Smith’s
- King Soopers
- Fry’s
- QFC
- City Market
- Owen’s
- Jay C
- Pay Less
- Baker’s
- Gerbes
- Harris Teeter
- Pick ‘n Save
- Metro Market
- Mariano’s
- Fred Meyer
- Food 4 Less
- Foods Co
These grocery stores are found ALL OVER the United States, with HUNDREDS found across California, Nevada, and Utah.
Keep this in mind next time you do your grocery shopping, but will this affect you shopping at these Kroeger grocery stores?