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.

Register to view the full article