After-Tax, Net Profit Margins Up for Food Retailers, According to FMI Annual Report
November 30th, 2007
In its report on FY 2006-2007, using data from 109 companies representing almost 13,000 stores, the Food Marketing Institute reported yesterday that the median, after-tax, net profit margins of food retailers were 1.91%. That’s up from 1.46 a year earlier, and suggests that the industry is doing more than a few things right to overcome increases in energy and health care costs. EBITDA also increased, from 4.29% to 4.8% during the same period. Larger and smaller companies fared better than mid-size retailers (those with annual sales between $100 million and $1 billion), although this group still had a median , net profit margin of 1.1%. Supermarket News (Nov. 30, 2007)
Tags: FMI, FMI report, net profit margin