Shannon Watts, founder of Moms Demand Action for Gun Sense in America:
Our new ad shows how Kroger policies are inconsistent and alarming – particularly given that the laws in a majority of states do not require a background check, permitting or even training to open carry a firearm. In all states, businesses have an obligation to protect their employees and patrons and until Kroger steps up, Moms will put our money where our mouths are and shop at stores that put our safety first like Safeway and Alberstons.
Kroger needs to know that their refusal to act is costing them money as Moms take our grocery shopping elsewhere. Now we’re keeping track of all the money Kroger is losing to its gun sense competitor and with the help of our supporters, we will create the World’s Longest Receipt.
(Found on Osocio)
Kroger isn’t actually losing money – in fact they have had some of their best quarters in a long time.
Fiscal 2014 Highlights
Achieved 45th consecutive quarter of positive identical supermarket sales growth, excluding fuel
Exceeded commitment to slightly expand FIFO operating margin, excluding fuel, on a rolling four quarters basis2
Achieved 10th consecutive year of market share growth
Reduced operating expenses as a rate of sales for 10th consecutive year2
Improved return on invested capital and increased capital investment
Achieved 2.00 – 2.20 net total debt to adjusted EBITDA ratio earlier than anticipated
Created nearly 25,000 new jobs
Continued successful integration with Harris Teeter
Completed merger with Vitacost.com
Invested in The Kroger Co. Foundation to support future community investments
The Kroger Co. (NYSE: KR) today reported fourth quarter net earnings of $1.04 per diluted share and identical supermarket sales growth, without fuel, of 6.0%. Fiscal 2014 GAAP net earnings were $3.44 per diluted share1, and identical supermarket sales growth, without fuel, was 5.2%.
In addition to strong core operating results, an increase in fuel margin per gallon and a lower-than-estimated LIFO charge contributed to the company’s net earnings per diluted share results in the fourth quarter.
Bob S.
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Thanks for sharing Bob S.!
Yes they may not be losing money in their total profits but even if one person who normally shops at Kroger decides not to and instead chooses to spend their money elsewhere for whatever reason (whether that be the above issue or something more basic like bad customer service) then you are in fact losing money.
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