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[–] 11 points 1 year ago (4 children)

Kroger says their gross margin in 2024 was 22.3% and their operating profit was 3.8 billion.

The Kroger Co. - Kroger Reports Fourth Quarter and Full-Year 2024 Results Announces Guidance for 2025 https://share.google/aUYB1Wjkppj7l0qAA

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  • [–] 8 points 1 year ago* (2 children)

    Kroger's revenue is $150B, with a net income of $2.3B. That is a profit margin of.....1.5%. One-point-five percent profit.

    As I said, grocery stores operate on tiny margins. There isn’t much to cut either for the private store or the government store.

    gross margin in 2024 was 22.3%

    Gross margin is not profit, it only accounts for direct costs of the goods being sold. Hence why their profit is only 1.5%.

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