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Andrew Cuomo: “In a grocery store it's only about 1 to 3% [profit margin].”

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

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Published | Video Starts at 07:57

It assumes that the government is going to efficiently be able to run these grocery stores, which by the way, are very hard to run. It's a very slim margin. In a grocery store it's only about 1 to 3% [profit margin]. Or the government would then have to subsidize the grocery stores. You open a government run grocery store, you're going to be competing with the private grocery stores. Right. (07:57–08:00)

CLAIM

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

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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