Re:The Smash and Grab of Kroger-Albertsons
by adamsmith143 on Thursday October 20, 2022 @12:02PM
(#33276715)
This would be a cute reply if the data supported your idea. But it doesn't.
https://www.bloomberg.com/news/articles/2022-08-25/us-corpor...
Highest margins since 1950.
Turns out there are businesses that aren't Grocers.
https://www.macrotrends.net/stocks/charts/KR/kroger/profit-m...
https://www.macrotrends.net/stocks/charts/ACI/albertsons/pro...
Obviously, a 3% profit margin after a year of inflation is going to be nominally higher than a 3% profit margin before the year of inflation.
Hence any whining about nominal increases in profit is innumeracy, or clickbait, especially for businesses that play in the sub 5% profit margin ranges.
How low do people think grocery store profit margins should go? Have they tried successfully operating a business at 3% profit margin?