Supermarkets Donate Billions to Food Banks

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food donations

The Conversation

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Grocery stores that donate expiring food − instead of price discounting or discarding − make higher profits

Summary

Nutrition label

87% Informative

In 2022 , retailers donated close to 2 billion pounds of food across the U.S. , which amounted to US$3.5 billion that year .

Donations are technically acts of charity, and the companies responsible for them get tax breaks.

They boost profits by lowering costs, and improve the quality of food on the store's shelves.

Prof Lowrey's research team found that food donations can increase average food prices by up to 1% , which corresponds to a 33% increase in profit margins.

Profit margins for supermarkets and other food retailers are quite low and typically hover below 3% .

Increasing volume of retail food donations would get more food to people who need it, limit hunger and reduce food insecurity.

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informal

Language

English

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not offensive