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November 23, 2003

A Few Facts

The CEOs of these three companies are just trying to keep up with the Waltons. Their combined operating profits have gone up 91% in the past five years...but Wal-Marts have gone up even more. Good lord when is enough enough? At what price profits???

Please note that the supermarket business has some of the slimmest profit margins of any business. If the profit margin of a supermarket chain went up 91% over a space of several years, it means it probably went from 2% to 3.9%

Here are the facts for Safeway. Their profits are declining year over year.

Kroger is improving.

Albertson's profits are declining as well.

Posted by mbowen at November 23, 2003 08:01 PM

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