Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Please don't post about US Politics. If you need to do this, try [email protected]
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected].
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Margins are down.
https://www.reuters.com/business/retail-consumer/albertsons-beats-profit-revenue-expectations-strong-demand-groceries-2023-07-25/
. So it isn’t the stores gouging you. Somewhere in the chain. Someone is though
somehow these poor struggling grocers can still buy one another for twenty five billion dollars.
That’s all debt. That isn’t from profits.
Their margins are low and declining.
The point being is the cash grab is further up the line. If it was the grocery stores, we’d see margins increasing. Food has doubled to tripled in many cases and their margins went down.
overall sales are up, prices are waaay tf up.
gross margins are down slightly, but they're taking that 27.7% (vs 28.1%) from a larger pie.
profits are up.
Grocery has some of the lowest margins of any industry. It’s not your local store milking you and I doubt it’s the local farmer.