I was talking about net margin. Look at revenue to net profit.

People who follow the stock market and listed companies know that supermarkets operate on tight margins.

I'm not going to bother. You clearly knows better than all of our management team and the two leading economists that we had present.

A word for you though, in my experience, gobe, know it all's like your good self, know very little in reality.

I assume you are being ironic with your first sentence?

Really, so you know what I do and how I know what I know do you mmm who's the gobe here I wonder.

Please don't make me laugh as to the reliability of what economists and Supermarket management say I'm not sure my ribs can take it.

What was it the late Ken Morrison said about a Morrisons CEO and cow poo! and that's from a man who new a margi when he saw one.

From the horses mouth www.j-sainsbury.co.uk/media/3165 ... cement.pdf Sales £23,506m Profit before tax £587m If my calculator does not decieve me I make that a net margin of 2.33%. So how are supermarkets able to absorb price rises and not pass them onto the customer without making a loss?

From the horses mouth www.j-sainsbury.co.uk/media/3165 ... cement.pdf Sales £23,506m Profit before tax £587m If my calculator does not decieve me I make that a net margin of 2.33%. So how are supermarkets able to absorb price rises and not pass them onto the customer without making a loss?

Interesting stuff.
My dad's bigger than your dad and I bet I used the bathwater after you Beagle!
Not sure how this relates to Trinity "Wildcats" though.
28-26 Up the Trinity.

p.s. wouldn't pea on Corbyn or his mates if they were on fire. Useless gits.

How dare you question a lefty Vastman, you should have learned by now they are always right, don't waste your energy mate they are not worth it.

Fixed that for you

Thought better of you Ben.

Quote ="wildshot"From the horses mouth www.j-sainsbury.co.uk/media/3165 ... cement.pdf Sales £23,506m Profit before tax £587m If my calculator does not decieve me I make that a net margin of 2.33%. So how are supermarkets able to absorb price rises and not pass them onto the customer without making a loss?'" 2.49% on my calculator and Actually after tax the "net" figure will be around half that so a 10% increase in costs would have an effect of around 25% reduction on total n making the net figure slightly under 2% before tax

Quote ="wildshot"From the horses mouth www.j-sainsbury.co.uk/media/3165 ... cement.pdf Sales £23,506m Profit before tax £587m If my calculator does not decieve me I make that a net margin of 2.33%. So how are supermarkets able to absorb price rises and not pass them onto the customer without making a loss?'" 2.49% on my calculator and Actually after tax the "net" figure will be around half that so a 10% increase in costs would have an effect of around 25% reduction on total n making the net figure slightly under 2% before tax

Thanks FT, I was getting 2.49% and 2.33% on my calculator so tried it in excel too. My calculator is a bit tempermental, although of course these figures are rounded up.

I prefer sticking to PBT since the tax can be variable rates depending upon historic losses, plus various tax complexities which can make a one off variation in the tax rate. Overall though I think we agreed on the point being made

You highlight the problem well in that yes it is greedy capitalism. You also further highlight the problem by then advocating voting for UKIP as though they will somehow change that.

Do you know, I was just going to say that Wildshot.

Tbf he's got Victiman down to a T hasn't he?

Haha only playing - no offence intended

Did I?

Where exactly.

Is that what you're reduced to these days sniping away from behind the bigger kids, very sad.

Well said Vasty!!

It's as if the fact he's completely incorrect doesn't matter.

The mentality of the Brexiteer folks.

Why ridicule the Brexiteers? I always thought we were proud in this country of our tolerance and democracy?

As long as the vote goes the "right" way

Lefties and democracy don't get on too well Ginger, they prefer the stamping of feet until we get our own way and anyone who doesn't agree is a sexist homophobic racist sexist pig. You not been watching the BBC.

Sorry but whats all this got to do with wakefield wildcats.

Not really, some crazies are like that but equally genuine racism etc needs calling out as unacceptable in society. United we stand, divided we fall and all that.

Nothing........