New York CNN —Kroger and other chains say customers on food assistance programs like SNAP are struggling as aid shrinks.
“Budget-conscious households are buying fewer items, particularly as SNAP benefits declined during the quarter,” said Kroger (KR) CEO Rodney McMullen on an earnings call Thursday.
Customers are “making significant modifications” such as buying a four-pack of an item instead of a 12-pack.
The decrease came with the end of a Covid emergency policy that increased SNAP benefits to the maximum level for every recipient.
Dollar Genera (DG)l, Dollar Tree (DLTR), Walmart (WMT) and other chains have also said recently that customers on food stamps are struggling most.
Persons:
New York CNN — Kroger, ”, Kroger, Rodney McMullen, Jeffrey Owen, ” Owen
Organizations:
New, New York CNN, SNAP, KR, “, Budget, Walmart, Dollar, Bureau of Labor Statistics ’
Locations:
New York, Washington, DC