Funny you should mention that as I made my post after hearing an audio news clip, and had to think again as to whether they said revenue or profit. I think the figure was revenue, because I doubt Woolworths/Countdown would willingly disclose profit figures for competitive reasons. If it was profit, and that $200k per week was typical, it means we are talking about a profit of $0.2mx52= $10.4m for one Dunedin store for the year.Originally Posted by stoploss
The article linked to by percy claimed that the profit in the last 6 months at Woolworths NZ was $71m, or $142m annualised. There are 191 Countdown/Wookworths stores across the country. So we are talking an average profit of $142m/191= $0.743m per store. It seems unlikely this Dunedin store would be earning over $10.4m/$0.743m = 14x more than the average store. So I am fairly sure the figure I posted was revenue, not profit.
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