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
89.8¢ |
Change
-0.003(0.28%) |
Mkt cap ! $465.1M | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 90.0¢ | 87.0¢ | $1.530M | 1.728M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 73407 | 89.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 122379 | 44 |
View Market Depth
| Last trade - 12.48pm 20/05/2024 (20 minute delay) ? |
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Last
89.0¢ |
Change
-0.003 ( 0.79 %) |
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| Open | High | Low | Volume | ||
| 89.3¢ | 90.0¢ | 87.5¢ | 458044 | ||
| Last updated 13.01pm 20/05/2024 ? | |||||
| TYR (ASX) Chart |