Are you the CEO of Kroger or what bro?

> Food Processing Industry Gross Profit grew by 17.78 % in 4 Q 2022 sequentially, while Revenue increased by 10.66 %, this led to improvement in Food Processing Industry's Gross Margin to 32.66 % a new Industry high.

>On the trailing twelve months basis gross margin in 4 Q 2022 grew to 32.67 %.

….

> Food Processing Industry increased Ebitda Margin through reduction in operating costs and despite contraction in Ebitda by -22.59 % and Revenue 10.66 %. Ebitda Margin in 4 Q 2022 was 18.41 %, a new Industry high.

>On the trailing twelve months basis Ebitda Margin in 4 Q 2022 grew to 22.58 %.

https://csimarket.com/Industry/industry_Profitability_Ratios.php?ind=505

> A recent report by Oxfam International has found that 62 new "food billionaires" were created during the pandemic. The report, released ahead of this year's World Economic Forum in Davos, Switzerland, highlights the record profits made by industry titans.

>Food and agribusiness billionaires reportedly raised their collective wealth by 42 percent in the past two years, all while global food prices soared by 33.6 percent in 2021, and are expected to rise by another 23 percent in 2022.

>Cargill, the food company giant, is expected to report record profits this year, surpassing even last year's record-breaking US$5 billion. Indeed, three members of the Cargill family joined the Bloomberg Billionaires list in mid-April.

https://phys.org/news/2022-06-food-giants-reap-enormous-profits.html

> The COVID-19 pandemic continues to defy conventional wisdom and economic norms surrounding the U.S. food industry. Prior to the pandemic, most food industry analysts believed that escalating input costs typically leads to a squeeze in profitability for food manufacturers before offsetting price increases can eventually take effect. But the unique circumstances of the pandemic led to a different situation unfolding in 2021.

>According to a new report from CoBank’s Knowledge Exchange, a perfect storm of increasing input costs in mid-2021 led to a series of pricing adjustments, some of which are just now hitting grocery shelves. Additionally, consumer food spending has not returned to pre-pandemic patterns, upending industry expectations. As a result, grocery demand remained robust, sales remained elevated, food companies were able to begin raising prices and profit margins, on average, showed little sign of compression.

> We believe that consumer food spending habits, which have become firmly entrenched after two years of the pandemic, will persist for a good while even if COVID fades into the background by mid-year,” said Rob Fox, director of CoBank’s Knowledge Exchange. “The combination of tailwinds from the pricing actions now taking full effect with the continuing strong consumer demand means retail food manufacturers will continue to enjoy strong profits in 2022.”

….

> The simple average of operating profit margins from 66 publicly traded food manufacturers and processors shows that profit margins remained strong and even widened in calendar Q3 of 2021. Recent earnings guidance from food manufacturers suggests strong profit margins will persist when Q4 results are unveiled in the coming weeks. In fact, strong unit sales on top of pricing actions likely drove many food companies to record incomes in 2021.

https://www.foodmanufacturing.com/consumer-trends/news/22044132/food-manufacturers-surprise-profitability-set-to-continue

Average profit margins

https://www.investopedia.com/ask/answers/071015/what-profit-margin-usual-company-food-and-beverage-sector.asp

Edit your comment to show you’re wrong and apologize to them

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