Independents’ Profits Rise in 2011: NGA

ARLINGTON, Va. — The independent sector saw average net profits before taxes rise to 1.12% in 2011, compared with 1.08% in 2010 — a gain of 3.7% — according to the 2012 Independent Grocers Financial Survey from the National Grocers Association and FMS Solutions.

Independents also saw same-store sales rise 2.6%, although after adjusting for food-at-home inflation, comps actually came in at a negative 2.2%, the survey found. Total store gross margin increased

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