Did Moms Demand Kroger Earn Higher Profits? - Granite Grok

Did Moms Demand Kroger Earn Higher Profits?

kroger_3dMoms Demand Action has been picketing and picking on Kroger Supermarkets for months, trying to get the grocery-store chain to ban firearms in their establishments.  That’s not working out very well.  Kroger’s sales were up 21% in the third quarter over last year.

You will see the 21% figure reported by pro-gun groups but to be fair that number is a bit misleading.   Kroger acquired Harris Teeter Supermarkets last year and started reporting that activity in their quarterlies this year.   That has a good deal to do with the size of the growth in profit but it is all Kroger growth and PROFIT!  Whatever the Mad Moms are demanding it is not impacting sales or profits.

No one who is looking at Kroger, outside analyst or inside management, sees anything but blue skies and happy returns for investors in the year ahead.  And you don’t have to disarm to grab a few things on the way home

So you can expect them to keep kicking mad moms demanding action out of their parking-lots for the foreseeable future.

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