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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-h
by 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 agoYour 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 agoYou are right - not sure how that happened, but it is too late to edit/delete my comment.