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No. of Recommendations: 5
as expected, Kroger's posted record profits due to shopping patterns during COVID. People cooked at home rather than eating out. Blaming closings on hazard pay is just as opportunistic as outraged politicians, strutting their stuff in mock disgust.

All food retailers for 2020, had positive cash flows, for reasons you note. What you ignore to your political convenience, is inventory shrinkage. Any for profit companies will not abandon profitable outlets with 'record profits' for some political reason....correct?? But with minority-centric businesses getting the message that looting and theft are somehow racially justified, would a profit oriented company participate in this? Would they "open" their doors to wholesale theft of their inventory to prove their woke conviction??

Those retailers, like Target, who are willing to sacrifice the revenues of 1% of their revenue sources to support their woke position, this strategy may work. But what position will their BOD take when 10% of their retail revenue is at risk from destruction and theft?

Think about that.

BruceM
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