They may have made record profits, but their profit margins are still around that 5% margin. You need only look at their annual report.
If you want to have a go at companies, look at the insurance companies that are making almost 10% margins. Or Qantas with margins of 15%.
This is all smoke and mirrors in my opinion, and getting people distracted on actual issues. Everyone loves to hate on a common enemy, but I dont think Coles and Woollies are doing anything particularly bad.
TYR Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
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