I posted a bunch of evidence on Twitter for how 1) grocery stores have razor thin margins, 2) food producer margins are more average but haven't changed in two decades, 3) of course farmers aren't the...
This seems to be mirrored by the development in Europe where overall margins also dropped by 3% despite increasing prices from 2019-2022. interesting and detailed report from McKinsey:
https://www.mckinsey.com/industries/retail/our-insights/state-of-grocery-europe-2023-living-with-and-responding-to-uncertainty
EBITDAs are under pressure that's for sure.
https://www.mckinsey.com/industries/retail/our-insights/state-of-grocery-europe-2023-living-with-and-responding-to-uncertainty
EBITDAs are under pressure that's for sure.
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