PROFITS FALL BELOW 1%: SURVEY

WASHINGTON -- Supermarket profit margins fell below 1% for the 12-month period ended in March, the first time in 10 years that the 1% threshold has been breached, according to a survey released last week by Food Marketing Institute here.the recent range of 1.3%," said Tim Hammonds, president and chief executive officer, FMI.Rising health care costs also affected profit margins, according to the survey,

WASHINGTON -- Supermarket profit margins fell below 1% for the 12-month period ended in March, the first time in 10 years that the 1% threshold has been breached, according to a survey released last week by Food Marketing Institute here.

the recent range of 1.3%," said Tim Hammonds, president and chief executive officer, FMI.

Rising health care costs also affected profit margins, according to the survey, which included responses from 147 companies operating nearly 12,000 sto

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