Birdwatch Archive

Birdwatch Note

2024-09-24 01:42:55 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

Grocery store profit margins fell to pre-pandemic levels in July 2024, with an average margin of 1.6% across the industry. High competition means grocery store profit margins rarely exceed 3%, a low figure relative to the rest of the economy. https://www.grocerydive.com/news/grocery-industry-profit-margins-fall-to-pre-pandemic-levels-fmi/720517/ https://get.doordash.com/en-us/blog/average-profit-margin-by-industry#

Written by 1A566FDC3711E62ED14CB60F618927C1CB646D9FA51F7C84EA3E39CD073172BD
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• noteId - 1838393647470915654
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• noteAuthorParticipantId - 1A566FDC3711E62ED14CB60F618927C1CB646D9FA51F7C84EA3E39CD073172BD
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• tweetId - 1838183988382355612
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• Grocery store profit margins fell to pre-pandemic levels in July 2024, with an average margin of 1.6% across the industry. High competition means grocery store profit margins rarely exceed 3%, a low figure relative to the rest of the economy. https://www.grocerydive.com/news/grocery-industry-profit-margins-fall-to-pre-pandemic-levels-fmi/720517/ https://get.doordash.com/en-us/blog/average-profit-margin-by-industry#