Elizabeth Warren has once again taken to social media to spread misinformation, this time targeting America's food industry. In a recent tweet, Warren claimed that massive food corporations have kept prices up to exploit consumers and increase their profits. However, the facts tell a different story.
Recent data shows that Kroger’s gross margin in its fiscal first quarter, ending May 25, was 20.2%—nearly identical to the 19.9% margin reported in January 2020, before the COVID-19 pandemic. Similarly, Albertsons’ gross margin in June was 25.8%, a decrease from the 28.2% reported in February 2020. These figures clearly demonstrate that the food industry has not increased margins in the way Warren suggests. Instead, these companies have maintained stability, even in the face of unprecedented global challenges.
Warren’s misleading statements do more than just spread falsehoods—they erode public trust and unfairly vilify American businesses that are working hard to keep our shelves stocked and prices stable. It’s time to hold her accountable for these baseless attacks.
By signing this petition, you are standing up against the spread of misinformation and advocating for leaders who deal in facts, not fear-mongering. We demand that Elizabeth Warren retract her false statements and issue a public apology to the businesses she has wrongfully accused.
Let’s ensure that our public discourse is grounded in reality, not political posturing.