Friday, April 10, 2020

The US Grocery, Drug and Discount Store Corps Had Total Stock Buybacks of $55.5 Bil in the First Three Years of the Trump Administration (2017-2019), Which Generally Helped Immensely Their Company Stock Prices and the Wealth of Their Executives. But Just How Have These Companies Helped Their Employees Who Have Been Paid Meagerly and Risking Their Lives in This Pandemic War-Like Work Environment. The US Congress Shouldn't Give a Dime of Additional US Taxpayer Money to Bail Out US Companies of All Sizes Until These Companies Step Up to the Plate To Better Protect Their Employees and Also Reward Them With Healthy Combat Pay Incentives.

From SEC filings, the below table shows the annual stock buybacks of many popular publicly-held US grocery, drug and discount store chains for each of the three most recent fiscal years.


Stock
Stock Stock Stock Buybacks
US Grocery, Drug and Discount Store Corps Buybacks Buybacks Buybacks Three Years
Stock BuyBacks FYE 2019 FYE 2018 FYE 2017 Combined
mils $ mils $ mils $ mils $
Walmart                   5,717                   7,410                   8,296                 21,423
Walgreens Boots Alliance                   4,160                   5,228                   5,220                 14,608
Target                   1,565                   2,124                   1,046                   4,735
CVS Health                        -                          -                     4,361                   4,361
The Kroger Company                      465                   2,010                   1,633                   4,108
Dollar General                   1,200                   1,007                      580                   2,787
Costco Wholesale                      247                      328                      469                   1,044
Burlington Stores                      323                      229                      290                      842
Sprouts Farmers Market Inc                      176                      258                      203                      637
Big Lots                        55                      112                      166                      333
Casey's Stores                        37                      215                        48                      300
Dollar Tree                      200                        -                          -                        200
BJ's Wholesale Club Holdings                        67                        19                          2                        88
Ollie's Bargain Outlet Holdings                        40                        -                          -                          40
Tuesday Morning                        -                          -                          23                        23
Village Super Market                          1                          1                          4                          6
Whole Foods Market                        -                          -                            2                          2
National Growers by Village Cottage                        -                            1                        -                            1
PriceSmart                        -                          -                          -                          -  
Rite Aid                        -                          -                          -                          -  
Trxade Group                        -                          -                          -                          -  
GNC Holdings                        -                          -                          -                          -  
Grocery Outlet Holding Corp                        -                          -                          -                          -  
Weis Markets                        -                          -                          -                          -  
Ingles Markets                        -                          -                          -                          -  
iFresh                        -                          -                          -                          -  
Totals                 14,253                 18,942                 22,343                 55,538