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Loblaw reports 9.8% quarterly profit boost, hikes dividend 15% (www.theglobeandmail.com)
submitted 4 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
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Owner of Loblaws, No Frills, Real Canadian Superstore and Shoppers Drug Mart recorded net earnings of $459-million or $1.47 per share in first quarter

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[-] AnotherDirtyAnglo@lemmy.ca 1 points 4 months ago

I don't know what Loblaw's market share is. Let's say it's 30%. That makes it MUCH worse... Neatly $150 for every man woman and child that shops at Loblaws, JUST THIS YEAR.

[-] Kelsenellenelvial@lemmy.ca 1 points 4 months ago

Maybe $300/month, or $3600/year for groceries. Maybe another $200/year each for prescriptions, alcohol, and general housewares to cover the non-grocery items. $150 profit on $4200 of revenue would be about 4% margin. Doesn’t seem that high to me but I also don’t really know how that compares to other businesses in the same market.

[-] AnotherDirtyAnglo@lemmy.ca 1 points 4 months ago

FYI, almost every single item you find in a retail store is marked up 50% or more, with the only exceptions being commodities like gas and diesel, or electronics, where the manufacturers make the majority of the profits.

this post was submitted on 02 May 2024
52 points (98.1% liked)

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