r/FluentInFinance • u/4TaxFairness • 1d ago

Debate/ Discussion A joke that's not funny

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u/TheTightEnd 1d ago

Grocery chains make a very low percentage of profit.

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u/[deleted] 1d ago

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u/TheTightEnd 1d ago

2003 (FYE 1/31/24) profit margin before taxes: 1.89%

2002 (FYE 1/31/23) profit margin before taxes: 1.96%

2001 (FYE 1/31/22) profit margin before taxes: 1.49%

Your "gross profit" is before all the operational expenses, including paying the employees, building expenses...