One of the largest packaged food companies in the country posted a nearly 60% profit increase between December 2022 and February 2023—reporting a net income of $342 million in one financial quarter.
Meanwhile, families are struggling to afford their groceries.
This is yet another example of corporate greed going unchecked while directly hurting American families—and an example of the CEOs and corporations Katie Porter will hold accountable in the U.S. Senate.
Companies like Cal-Maine, Kraft-Heinz, and Conagra, all reported huge profit increases over the past year. These companies control long lists of brands you've heard of, like Reddi Whip and Marie Calendars, and their monopoly power over the grocery market is allowing them to price gouge families.
Katie has made lowering costs and standing up to corporate greed one of her top priorities in the House, and has demanded answers from companies like Cal-Maine. As a single parent of three kids, she knows that families struggle when CEOs decide to price gouge.
Thanks for your support,
Katie for California
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