Quote:
Originally Posted by JMintzer
The average grocery store chain has a profit margin of just over 2%. So yeah, I think they're concerned about rent...
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Publix Gross Sales were $48 Billion
In addition to its net sales growth, Publix reported $4.4 billion in net earnings for 2021, up from the $4 billion profit it logged in 2020. Gross margin for 2021 was 27.7%, compared to 27.9% in 2020. After excluding the last-in, first-out (LIFO) reserve effect, the decrease was primarily due to increased shrink and distribution costs, the company said.
Publix boosts capital budget for 2022 | Grocery Dive