Industry Profit Margins Up on Cost Controls: FMI

Food retailers overcame sharp increases in energy, health care and other costs to post a median after-tax net profit of 1.91% in fiscal year 2006-2007, up from 1.46% the previous year, according to Food Marketing Institute’s Annual Financial Review 2006-2007, released yesterday.

ARLINGTON, Va. — Food retailers overcame sharp increases in energy, health care and other costs to post a median after-tax net profit of 1.91% in fiscal year 2006-2007, up from 1.46% the previous year, according to Food Marketing Institute’s Annual Financial Review 2006-2007, released yesterday. The report, based on data from 109 companies representing 12,852 stores, showed that the smallest and largest companies reported strong bottom-line results. Retailers with annual sales under $100 mill

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