Kroger projects $4.9 billion in profits in 2022.

Now it's purchasing Albertons, the second largest grocery store chain, for $25 billion.

Albertsons previously acquired Safeway for $9.2 billion.

Why are grocery prices up? Grocery store goliaths are buying the competition.

@rbreich unfortunately I love my Pick N Save, which is also Kroger owned. They have the lowest prices in the area, with the exception of Aldi's. If you have their Fresh Perks loyalty card & shop their sales/use their digital coupons wisely, it's worth it. Their premium house brand is every bit as good as major brands but cheaper, & the store is closest to my house. If the regional chain lowered their prices I might consider switching but they're not as convenient to get to.