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.
They may have made record profits, but their profit margins are...
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Last
92.5¢ |
Change
0.005(0.54%) |
Mkt cap ! $482.1M | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 93.0¢ | 92.0¢ | $117.3K | 127.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 64198 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 44591 | 21 |
View Market Depth
| Last trade - 10.23am 14/05/2024 (20 minute delay) ? |
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Last
92.5¢ |
Change
0.005 ( 0.98 %) |
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| Open | High | Low | Volume | ||
| 92.0¢ | 93.0¢ | 92.0¢ | 31447 | ||
| Last updated 10.44am 14/05/2024 ? | |||||
| TYR (ASX) Chart |