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BALTIMORE -- Independent grocers reported a 1.94 percent net profit before taxes and overall store margins of 25.55 percent in the past year, according to the 2007 Independent Grocers Survey, an annual financial study conducted by FMS Solutions and the National Grocers Association. Gross margins increased from 25.33 percent the year before.
The survey, in existence since 2002, is designed to help independent grocers better understand how their store operations compare with national averages. In addition to financial and accounting benchmarking, the survey also focuses on economic factors and key political issues impacting the grocery industry. It addresses the following top six issues rated by independent grocers: health care, minimum wage, taxes and tax policy, supercenters, labor/employment, and interchange fees.
The survey is the result of a collaborative effort between FMS Solutions and the National Grocers Association, and is sponsored by the National Cooperative Bank (NCB).
For more information visit http://www.fmssolutions.com.