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Is a 5% profit margin price gouging? Well people say woolies and coles price gouge, page-5

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Chartwizard

1,258 Posts.

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26/02/25

20:21

Post #: 78042804
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Originally posted by rebel1: ↑

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

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They were made out to be the boogie man, so the actual boogie men could twiddle their mustachios and smoke a fatty.
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