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An even more extreme example would be a grocery store, whose overall profit margins are only 1-3%.

• reaperducer 8y ago
  Which is why it's so surprising that it took so long for Albertsons to get on the Apple Pay bandwagon, which costs less per transaction than traditional swipes or chip+PIN.
  • kevin_b_er 8y ago
    Do you have some details on the relative transaction fees of direct credit card usage vs indirect via apple pay?
• ac29 8y ago
  Where'd you get that data? I looked up Albertson's and see they have a 43% gross margin and a 23% net margin: https://www.reuters.com/finance/stocks/financial-highlights/ABSP.WA https://www.reuters.com/finance/stocks/financial-highlights/...
  • gringoDan 8y ago
    Your link is to Asseco, a company on the Poland stock exchange. Albertson's reported a negative net income in its S1 filing [0] Industry average of net income before taxes and net profit after taxes is 1-3% [1] Independent grocers report net profit of 0.98% [2] [0] https://www.nasdaq.com/markets/ipos/company/albertsons-companies-inc-970028-78908?tab=financials https://www.nasdaq.com/markets/ipos/company/albertsons-compa... [1] https://www.fmi.org/our-research/supermarket-facts/grocery-store-chains-net-profit https://www.fmi.org/our-research/supermarket-facts/grocery-s... [2] http://www.nationalgrocers.org/docs/default-source/0---default-library/2017-independent-grocers-financial-survey-highlights.pdf?sfvrsn=2 http://www.nationalgrocers.org/docs/default-source/0---defau...
    • ac29 8y ago
      You are right - not sure how that happened, but it is too late to edit/delete my comment.