@dangeRuss said in Business Meeting Humor:
@Polygeekery said in Business Meeting Humor:
@dangeRuss said in Business Meeting Humor:
Or the company can just eat that cost.
Perhaps, but groceries and especially produce are fairly low margin as it is.
If they can afford to have sales having 50% off, I'm sure they've got pretty healthy margins.
The more perishable food is, the higher the markup typically is. Produce is typically priced with a 2-4x markup, but that doesn't take spoilage into account. Their actual profit margin won't be as high, because for highly perishable goods they'll almost inevitably end up with some product that is unsellable.
If they have a 50% off sale on produce, they're probably selling it for very close to their cost. It's an easy way for them to offload whatever's still sellable from a bunch of product that wouldn't be sellable for much longer. And, in some cases, they'll sell product below cost, just to try to get something in return for it before it spoils, so they end up with less that they have to throw away.