So woolies results came out $719 mil profit on $1.4 billion in sales. So around 5%. Is it price gouging?
if they dropped the price on every Item by 5% .. they would break even approx... So why is it our groceries have risen 30-50% in a few years?? Is it power costs, Transport, labour etc...
It doesnt seem excessive profit, the amount is large due to the amount of turnover .
Most business would not exist on that profit margin
