Washington, D.C. — Today, grocery store giant Kroger announced record earnings, reporting $3.7 billion in adjusted operating profits so far in 2022 — a 37% increase compared to last year. In response to this news, which comes as Kroger works to secure its proposed megamerger with rival Albertsons, the American Economic Liberties Project released the following statement.

“While American families are reeling, Kroger is celebrating record earnings and begging for more power to rip off consumers, exploit workers, and crush independent grocers,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “Mid-size and rural communities across the country simply can’t afford a Kroger-Albertsons merger — which is why enforcers must block this deal.”

Learn more about Economic Liberties here.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.