Teknevra to NewsEnglish · 16 hours agoZohran Mamdani is pushing for New York City-run grocery stores. Here's what he envisions.www.cbsnews.comexternal-linkmessage-square67linkfedilinkarrow-up1547arrow-down15
arrow-up1542arrow-down1external-linkZohran Mamdani is pushing for New York City-run grocery stores. Here's what he envisions.www.cbsnews.comTeknevra to NewsEnglish · 16 hours agomessage-square67linkfedilink
minus-squarewetlinglinkfedilinkarrow-up15arrow-down4·13 hours agoKroger says their gross margin in 2024 was 22.3% and their operating profit was 3.8 billion. The Kroger Co. - Kroger Reports Fourth Quarter and Full-Year 2024 Results Announces Guidance for 2025 https://share.google/aUYB1Wjkppj7l0qAA
minus-squareBombOmOmlinkfedilinkEnglisharrow-up12arrow-down5·edit-213 hours agoKroger’s revenue is $150B, with a net income of $2.3B. That is a profit margin of…1.5%. One-point-five percent profit. As I said, grocery stores operate on tiny margins. There isn’t much to cut either for the private store or the government store. gross margin in 2024 was 22.3% Gross margin is not profit, it only accounts for direct costs of the goods being sold. Hence why their profit is only 1.5%.
minus-squarecoreray00@discuss.onlinelinkfedilinkEnglisharrow-up13·11 hours agoWhat about the $7.5 billion stock buyback program?
minus-squareTollana1234567@lemmy.todaylinkfedilinkarrow-up1·9 hours agodepends on the store and which location, some grocery store in certain areas certainly dont make even after a while.
Kroger says their gross margin in 2024 was 22.3% and their operating profit was 3.8 billion.
The Kroger Co. - Kroger Reports Fourth Quarter and Full-Year 2024 Results Announces Guidance for 2025 https://share.google/aUYB1Wjkppj7l0qAA
Kroger’s revenue is $150B, with a net income of $2.3B. That is a profit margin of…1.5%. One-point-five percent profit.
As I said, grocery stores operate on tiny margins. There isn’t much to cut either for the private store or the government store.
Gross margin is not profit, it only accounts for direct costs of the goods being sold. Hence why their profit is only 1.5%.
What about the $7.5 billion stock buyback program?
lol
depends on the store and which location, some grocery store in certain areas certainly dont make even after a while.