Do Foodstuffs run the stores as separate entities to their distribution and production arms? Because figuring out the supermarket company profits is a very complicated thing. A store might only make $1m a year, but if it has to buy from the parent distributor then we also need to figure out what the profit is there as well.
That $200m profit is reported in the financials for Foodstuffs NI. There seems to be some fonterra style coop stuff happening as Foodstuffs made a net profit of like $60m after distributions to members.
I took the number before distributions but you’re right. Hell, many of the stores might have made a loss before the distribution. Many may have a profit for the store owner before the Foodstuffs NI distribution.
Do Foodstuffs run the stores as separate entities to their distribution and production arms? Because figuring out the supermarket company profits is a very complicated thing. A store might only make $1m a year, but if it has to buy from the parent distributor then we also need to figure out what the profit is there as well.
That $200m profit is reported in the financials for Foodstuffs NI. There seems to be some fonterra style coop stuff happening as Foodstuffs made a net profit of like $60m after distributions to members.
I took the number before distributions but you’re right. Hell, many of the stores might have made a loss before the distribution. Many may have a profit for the store owner before the Foodstuffs NI distribution.
Like you say, it’s hard to accurately track.