FINANCIAL RESULTS / TRAFFIC RESULTS/ M&A

Kroger Feels Impacts of Low-Income Shoppers’ Trade-Down Amid SNAP Cuts

Due to the impacts of reduced benefits, many low-income consumers are facing challenges, leading Kroger, the leading grocer in the United States, to observe a shift in the behavior of their budget-conscious customers. CEO Rodney McMullen explained during an analyst call that sustained inflation, reduced government benefits like SNAP (Supplemental…