Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Slava · 12-12-2023, 04:27 PM

I feel like we've been over this and no one wants to consider the facts. The net margins for Loblaws are under 3% though, which is not a big deal. Look at almost any other sector and these are easily double digits. I know that people see this all the time, and I'm fairly sure you could talk about "can you believe that $100 of groceries fits into this bag" and people would agree any time. The reality is though, margins don't appear to be rising. Metro is the highest in my brief foray looking at statements and it was about 4.5% IIRC.

But Costco, Empire, Loblaws are all between 2-3%.

12-12-2023, 04:27 PM	#133
Slava Franchise Player Join Date: Dec 2006 Location: Calgary, Alberta Exp:	I feel like we've been over this and no one wants to consider the facts. The net margins for Loblaws are under 3% though, which is not a big deal. Look at almost any other sector and these are easily double digits. I know that people see this all the time, and I'm fairly sure you could talk about "can you believe that $100 of groceries fits into this bag" and people would agree any time. The reality is though, margins don't appear to be rising. Metro is the highest in my brief foray looking at statements and it was about 4.5% IIRC. But Costco, Empire, Loblaws are all between 2-3%.