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08-25-2022, 08:24 PM
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Sage
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Join Date: Dec 2008
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Quote:
Originally Posted by Papa_lecki
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 |
Your numbers illustrate that it's a big business. Closer to 10% profit margin? How does 4B in earnings, on 48B in sales =27% margin?
Last edited by Laker14; 08-25-2022 at 08:31 PM.
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