{"id":1541009,"date":"2025-06-11T00:10:00","date_gmt":"2025-06-11T04:10:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1541009"},"modified":"2025-06-11T00:10:00","modified_gmt":"2025-06-11T04:10:00","slug":"mapping-out-welfare-shockwave-by-retailer-if-snap-cuts-passed","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/mapping-out-welfare-shockwave-by-retailer-if-snap-cuts-passed\/1541009\/","title":{"rendered":"Mapping Out Welfare Shockwave By Retailer If SNAP Cuts Passed"},"content":{"rendered":"

Mapping Out Welfare Shockwave By Retailer If SNAP Cuts Passed<\/span><\/p>\n

\n

The House Republican reconciliation bill, currently at the\u00a0Senate,\u00a0would, if passed and signed by President Trump, reduce federal spending on the Supplemental Nutrition Assistance Program<\/strong> (SNAP) by $300 billion\u00a0through 2034.\u00a0<\/p>\n

Goldman Sachs’ retail desk found that SNAP dependency across major retail chains is very alarming<\/strong> and clear, with\u00a0Dollar General (DG) and Dollar Tree (DLTR) most exposed<\/strong> if SNAP reductions are seen.<\/p>\n

SNAP-linked exposure to sub-$70K income households hits\u00a05.2% at DG, 3.5% at DLTR\u2014compared to just .4% at\u00a0Sprouts (SFM). Even Walmart (WMT) isn’t safe, with a 3% exposure to SNAP.\u00a0<\/p>\n

“Based on household income profiles and average county exposures, we found that DG and DLTR have the highest exposure to SNAP consumers relative to the other companies, with BJ and SFM having the smallest exposure,” Goldman analysts, led by\u00a0Kate McShane, wrote in a note on Tuesday.\u00a0<\/p>\n

McShane noted that many of\u00a0these SNAP-dependent stores are located in red states:\u00a0<\/strong><\/p>\n

“We found that most stores from DG, WMT, KR, and DLTR tended to be located in Republican counties, BJ and GO were mainly located in Democratic counties, while SFM and ACI were closely split between the two parties.”\u00a0<\/em><\/p>\n

SNAP Exposure by Retailer<\/strong><\/p>\n

<\/a><\/p>\n

“If the SNAP federal funding is cut, it would be up to the states’ discretion<\/strong> to determine how much funding they will provide to make up for the shortfall,” the analyst said.\u00a0<\/p>\n

The detailed maps below display the store locations<\/strong> of each retailer, marked with red dots<\/strong>, while\u00a0shaded states indicate the level of exposure to SNAP<\/strong>.\u00a0<\/p>\n

SNAP exposure for ACI stores<\/strong><\/p>\n

<\/a><\/p>\n

SNAP exposure for BJ stores<\/strong><\/p>\n

<\/a><\/p>\n

SNAP exposure for DG stores<\/strong><\/p>\n

<\/a><\/p>\n

SNAP exposure for DLTR stores<\/strong><\/p>\n

<\/a><\/p>\n

SNAP exposure for GO stores<\/strong><\/p>\n

<\/a><\/p>\n

SNAP exposure for KR stores<\/strong><\/p>\n

<\/a><\/p>\n

SNAP exposure for SFM stores<\/strong><\/p>\n

<\/a><\/p>\n

SNAP exposure for WMT stores<\/strong><\/p>\n

<\/a><\/p>\n

McShane maintains Buy ratings for ACI, KR, DG, DLTR, WMT, BJ, and SFM<\/strong>. However, if the proposed SNAP reduction is passed, future earnings seasons may reveal which retailer offers the best value for cash-strapped consumers, with Walmart currently leading the charge<\/a>.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 06\/10\/2025 – 20:10<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/mapping-out-welfare-shockwave-retailer-if-snap-cuts-passed<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Mapping Out Welfare Shockwave By Retailer If SNAP Cuts Passed The House Republican reconciliation bill, currently at the\u00a0Senate,\u00a0would, if passed and signed by President Trump,…<\/p>\n","protected":false},"author":0,"featured_media":1541010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1541009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1541009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1541009"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1541009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1541010"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1541009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1541009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1541009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}