� The Old | Main | God As The Coolest �
November 23, 2003
A Few Facts
The CEOs of these three companies are just trying to keep up with the Waltons. Their combined operating profits have gone up 91% in the past five years...but Wal-Mart’s have gone up even more. Good lord — when is enough enough? At what price profits???
Please note that the supermarket business has some of the slimmest profit margins of any business. If the profit margin of a supermarket chain went up 91% over a space of several years, it means it probably went from 2% to 3.9%
Here are the facts for Safeway. Their profits are declining year over year.
Kroger is improving.
Albertson's profits are declining as well.
Posted by mbowen at November 23, 2003 08:01 PM
Trackback Pings
TrackBack URL for this entry:
http://www.visioncircle.org/mt/mt-tb.cgi/1095