Birdwatch Note Rating
2024-04-17 08:06:04 UTC - HELPFUL
Rated by Participant: 9B9F1A158A813C7EEAFCFC9E1D445D489306A81F9DA086BA978A99FEFC29732F
Participant Details
Original Note:
Despite the commentary, supermarkets are not engaging in price gouging. Companies such as Meta make a 35 profit margin. CUB makes a 40 pc profit margin. The profit margin for Supermarkets is around 2.5 pc. https://www.afr.com/companies/retail/where-your-spend-at-coles-and-woolworths-is-really-going-20240319-p5fdgp#:~:text=A%202.57%20per%20cent%20profit,margin%20is%202.7%20per%20cent.
All Note Details