I saw in the newspaper today a brief summary of the latest quarterly report from Kroger, which owns the Colorado grocery store chains King Soopers and City Market as well as other grocery store brands around the country.
The part that interested me its profits as a percentage of its gross revenues, 1.3%. So, when you buy $100 of groceries, you are contributing just $1.30 to the profits of the company. I'd heard that grocery stores had thin profit margins before, but it was interesting to see this confirmed in print.
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