Birdwatch Note Rating
2024-09-24 02:09:18 UTC - HELPFUL
Rated by Participant: D16C065066C51F874E23F45B44D13F4CCA098F3247BD9C926A357BCCBECCCAE0
Participant Details
Original Note:
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#
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