Not One Penny Statement On Kroger Annual Meeting Today

Hundreds of Millions of Dollars in Tax Cuts Have Gone to Shareholders, Not Employees

Kroger Has Laid Off Over 1,500 People Since the Passage of the GOP Tax Bill

Thursday, June 28, 2018


WASHINGTON, DC – Not One Penny spokesman Tim Hogan released the following statement on Kroger’s annual meeting taking place today in Cincinnati, Ohio:

“While shareholders and executives are cashing in on these hundreds of millions of dollars in tax cuts, working families are being left in the dust. Kroger saved $922 million this past year thanks to the Republican tax plan and $260 million in the first quarter of 2018 alone. What has been the result? 1,500 workers laid off in North Carolina, no significant new hiring and a brand new $2.2 billion stock buyback program to enrich shareholders.”


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