While Loblaws may have had overall ~30% gross profit in 2023, they reported operating income (revenue - COGS - operating costs) of 3.7 billion on 59.5 billion o

While Loblaws may have had overall ~30% gross profit in 2023, they reported operating income (revenue - COGS - operating costs) of 3.7 billion on 59.5 billion of revenue - so about 6%. Certainly not ridiculous, but also not razor razor thin either.