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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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