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Andrew Cuomo: “Grocery stores have one of the thinnest margins. It's 1 to…”

Featuring: Andrew Cuomo, Democratic | Former Governor of New York

Andrew Cuomo Discusses New York City Mayoral Race and Criticizes Eric Adams on The Stephen A. Smith Show

Published July 22, 2025 | Video Starts at 19:45

And now you're telling me New York City is going to run a grocery store. And that's the answer. The prices in that grocery store are going to be cheaper. Grocery stores have one of the thinnest margins. It's 1 to 3%. I mean, it's just. It was a fraud. It was just a fraud. Freeze the rent. My rent is too high. Freeze the rent. How long can you freeze the rent? (19:45–19:49)

CLAIM

Asserts that grocery stores operate on a profit margin of 1 to 3%.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Andrew Cuomo

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“We have a 1% vacancy rate.”
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“Governor David Patterson. Yes. First black governor in New York state. He supports me.”
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“Yes, I'm doing better with the black community than Eric Adams.”
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“A multi candidate race helps Mamdani.”
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“I think the socialist policies he's [Mamdani] putting forth would be very hurtful to New York City.”
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“The under 30 vote, Stephen A. Exploded in the primary.”
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“New York City can't fill a pothole. And now you're telling me New York City is going to run a grocery store.”
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