Selling Butter At 54% Profit: Leaked Docs Show Loblaws’ Exorbitant Markups
Selling Butter At 54% Profit: Leaked Docs Show Loblaws’ Exorbitant Markups
Selling Butter At 54% Profit: Leaked Docs Show Loblaws’ Exorbitant Markups
Selling Butter At 54% Profit: Leaked Docs Show Loblaws’ Exorbitant Markups
29 Comments
Fuck you Loblaws!!!!….CROOKS!
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What no the margins are razor thin no one is making any money here.
/S
Even safeway is cheaper now. Vote with your wallet.
The food professor punching air rn
Which is one of the reasons I don’t shop there.
I vote with my wallet.
I do most of my grocery shopping at Walmart.
They should make exploitation on ‘necessities’ criminal.
The razor thinness of marginsÂ
The boycott should be permanent for anyone who can shop elsewhere.
not surprised sadly
Okay I hate to be that guy but a Gross profit is just covering the cost of goods sold. The company still has to pay wages, utilities, leases, administration, etc after the price of the goods.
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Looking at those invoices it looks like a majority of the items are within 20-30 percent of GPM which is not egregious at all considering that the rest of expenses come after the cost of goods sold.
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This isnt pure profit, this is gross margin which there is a huge difference. If loblaws had a 20-30 profit ratio then yes, that would be absolutely outrageous but looking at their FS it is much lower single digits.
I exclusively only shop at Loblaws for these prices. Let’s go !!
Don’t buy it then
But Reddit users were assuring me yesterday that the increase in profits definitely didn’t come from grocery
Settle down poors, its all tied to inflation. Have you priced a Global 6000 jet , any new ocean going yacht or a villa in the south of france recently ? You think You’ve got it bad .
If their profit margins were that high, you’d have people from all over the world lined up to open grocery stores.
Edit: that’s apple level of profit margins.
Oh but I thought this sub was convinced that raising profit margins from 1% to 3% in a short time was normal business ignoring the fact that is effectively triple and the % is on billions.
Easier to blame Trudeau, simple answer for simple minds.
This is gross profit on each item which means nothing. None of the cost of running the business has been accounted for before that. Pretty common in general business to target 15% net.
HAHAHAHAHAHAH
I feel guilty holding $L.TO knowing that my gains were at the financial expense of my neighbours, friends, and fellow Canadians.
When do we get the pitchforks out?
What about the margins on margarine?
I’ll see myself out
Greedy Galen.
Not defending loblaws but this is misleading. Those are the gross margins before all other expenses like sg&a
Shock and dismay, not the butter
Sounds high, is there any idea of net profit?
That’s gross profit margins you dodos.
I remember a pie chart posted a few days ago that grocery stores only retained 3% profit. Lol.
Your daily reminder to stop supporting Loblaws where you can