Shrinking food stamp benefits for families mean yet another challenge for retailers [CNBC]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: CNBC
This month, pandemic-related emergency funding from the Supplemental Nutrition Assistance Program, formerly known as food stamps, is ending in most states , leaving many low-income families with less to spend on food. More than 41 million Americans receive funding for food through the federal program. For those households, it will amount to at least $95 less per month to spend on groceries. Yet for many families, the drop will be even steeper since the government assistance scales up to adjust for household size and income. For grocers like Kroger , big-box players like Walmart and discounters like Dollar General , the drop in SNAP dollars adds to an already long list of worries about the year ahead . It's likely to pressure a weakening part of retailers' business: sales of discretionary merchandise, which are crucial categories for retailers, as they tend to drive higher profits. Major companies, including Best Buy Macy's and Target , have shared cautious outlooks for the year
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News
- The 20 Best Subscription Boxes For Moms That Love A Thoughtful Gift [Forbes]Forbes
- Nourishing Tomorrow: How 'Food is Medicine' Advances Food Retailing and Positive Outcomes for Nutrition Responsive Health Conditions [Yahoo! Finance]Yahoo! Finance
- Real estate mogul Grant Cardone shares 3 money 'habits' that he says helped him achieve 'financial freedom' [Yahoo! Finance]Yahoo! Finance
- Norfolk approves big box store development at Wards Corner site where Target sought [Yahoo! Finance]Yahoo! Finance
- KR vs. WMT: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- KR's page on the SEC website