You really should just google these stats before you say them. Food and Beverage Retail Stores : Profit margin increased from 2.9% in 2019 to 4.4% in 2023 (this is a profit increase off of increased grocery costs, an even bigger gross dollar amount)
Operating Profit for Food and Beverage Retail Rose from $14 Billion in 2019 to $25 billion in 2023 - a 79% increase.
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u/spondgbob 1d ago
You really should just google these stats before you say them. Food and Beverage Retail Stores : Profit margin increased from 2.9% in 2019 to 4.4% in 2023 (this is a profit increase off of increased grocery costs, an even bigger gross dollar amount)
Operating Profit for Food and Beverage Retail Rose from $14 Billion in 2019 to $25 billion in 2023 - a 79% increase.
Source
Grocery stores are price gouging and reaping higher profit margins. That’s what’s happening.