Profits Spike as Inflation Paces Sales Growth

Supermarket companies grew their sales by about 4.6% in 2007, while same-store sales grew 4.2% and net income hit a record high, according to the annual Food Marketing Institute Speaks survey, presented here at the FMI Show last week. The mean 4.2% same-store sales figure matches the growth in food-price inflation for the year. Profits were the highest the survey has ever recorded, however:

LAS VEGAS — Supermarket companies grew their sales by about 4.6% in 2007, while same-store sales grew 4.2% and net income hit a record high, according to the annual Food Marketing Institute Speaks survey, presented here at the FMI Show last week.

The mean 4.2% same-store sales figure matches the growth in food-price inflation for the year. Profits were the highest the survey has ever recorded, however: 1.91% of sales, according to data from FMI's Annual Financial Review.

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