Remember last week we told you about Kroger’s record profits—up over 47% from last year—by the way, they treated their shareholders with $258 million dollars in dividends in the past six months! But there is no fair sharing for you!
Recently, here is some of the financial data that Kroger has provided about their shareholders:
During just the last six months (4Q19 and 1Q20) Kroger paid out $258 million in dividends to shareholders, and used $853 million to buy back company stock, including $422 million of stock buybacks during 1Q20 alone (i.e., during the COVID-19 crisis). The company spent $5.4 billion on buybacks during the 2016 – 2018 period. SOURCE: SEC filings
Obviously, the company took care of their shareholders; What are they going to do for you? Kroger has not changed its bargaining proposals since last week. Long story short, the company is doing extremely well and there is no reason for their concessionary proposals.
