Comment by BigGreenJorts
4 hours ago
> their margins have increased significantly over the last few years too.
Empire (Sobeys et al) has seen consistent profit margin of ~2% for the last 2 decades.
Loblaws and Metro have higher profit margins at ~3-4% attributable largely to their acquisition of pharmacy brands which function as high margin grocer/convenience storefronts.
This is a pet peeve of mine (as a Canadian): I'm not going to write an apologia for the oligarchic grocery system we have in Canada, but when I hear about headlines about "record profits" it's alway about the amount — which of course will go up if revenues are up because of inflation of inputs/costs. But I always ask about the margins: have those gone up? (They generally are pretty steady.)