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Kroger Reiterates Commitment To Investing In America To Lower Grocery Prices, Raise Associate Wages, And Support Local Communities

Benzinga ·  Dec 12 05:21

Kroger's ongoing investments in America include:

  • $5 billion in lower prices since 2003
  • $2.4 billion in incremental wage increases on top of industry-leading benefits since 2018, a 38% increase in average hourly rate, while growing opportunities for a largely unionized grocery workforce
  • $3.6 - $3.8 billion in annual capital investments to build new and remodel stores, food processing and other facilities, improve the customer experience and create additional job opportunities
  • $2.3 billion to support local communities through charitable giving since 2017, including $1.5 billion to feed hungry families
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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