The Palm Beach Post from West Palm Beach, Florida on November 15, 1968 · Page 21
Get access to this page with a Free Trial
Click to view larger version
November 15, 1968

A Publisher Extra Newspaper

The Palm Beach Post from West Palm Beach, Florida · Page 21

Publication:
Location:
West Palm Beach, Florida
Issue Date:
Friday, November 15, 1968
Page:
Page 21
Cancel
Start Free Trial

Page 21 article text (OCR)

Palm Beach Post, Friday, Nov. 15, 196821 Medium-Sized Food Chains Report High Profits WASHINGTON (ITU The nation's l)iKK''s' to'"' '"'''' chains arc not as profitable as medium sird and smaller chains, an indusirv-sponsond study indicates. The study of costs and profits in the retail tood industry was made b Cornell University economists Karl Broun and Robert Day. The report, 1 ith in the annual series, was financed by a grant from the National Association of food chains. The economists found earnings ot M food chains in the l7-68 fiscal year averaged 9.2 per cent of net worth. But there were substantial differences among chains of dilleren I sizes. Karnings for retail food store firms with sales between SSI million and SUM) million annually were repeated at VI. .ib' per cent. Smaller chains with sales under $20 million annually ranked second with average after-tax earnings of 10.S2 percent of net worth. At the bottom were big chains with sales over Sinn million and earnings of 8.W percent of net worth. A similar pattern emerged from a study of earnings on each sales dollars. Medium-sized chains with sales in the S20-S100 million range emerged as the leading money makers. For all food chains combined, the report said operat ing profits before taxes dropped in W67-68 to 0.49 cents on each sales dollar, the lowest level in nine years. But for medium-sized chains, operating profits in 1167 68 were 0.86 cents a dollar compared with 0.45 cents for the biggest chains. Small chains ranked between the two other groups with an operating profit of 0.69 cents per sales dollar. The report showed that operating profits of s -nail and medium chains increased over 1966-67 figures while the figure for the biggest chains declined. Another economic measure net earnings alter taxes also followed the same pat tern. Karnings of the biggest chains declined to 0.97 cents per sales dollar, the lowest level in a dozen years. But after-tax earnings of medium-sized chains rose in the 1967-68 year to 1.21 cents while earnings of small chains also rose slightly to 0.98 cents per sales dollar. Gross margins the difference between the cost of groceries and other goods and the price paid by consumers also declined in 1967-68 for the biggest chains. The $100 million-plus chains had margins averaging 21.5 cents per sales dollar compared with 22. .16 cents the previous year. Where but Grant's can you get Contemporary at these prices! Introductory Sale On s: N CA T N O a contemporary oriental grouping in tawny distressed Teak finish with Myrtle-burl highlights 11 1 i 111 LLsSsi; fill ijaMBai I fe1 e Jill 3 lit' IfiS i SIP ! An Oriental group of impressive beauty. . . .grandly styled in rich finishes with elegant accents definitely from the Far East. Designed in hold and captivating lines in tawny distressed teak finish with picture frame drawer fronts highlighted in myrtle burl finish with antique brass drawer pulls. All of the drawers are fully dovetailed, centerguided and dust-proofed. Come in and see for yourself, today is the day for CANTON compare at $340 $' For Your Bedroom . . . 3 pc. Group 66" Triple Dresser, Framed Mirror, Double size headboard and frame Pi v ' wk i L:i x im kM n i r Also available in open stock. A large 78" triple dresser with twin mirrors. $224.95 and5drawer chest . . . $124.95. compare at $420 For Your Dining Area 7 pc. Group 7 Pc. 42"x62"x74" Double Pedestal Extension Table, 2 Arm and 4 sidechairs Also available in open stock, 48" China $198, 72" buffet, $172, 60" China $238. Additional side chairs. $39.00 each. Exclusive at GRANT'S 9 V. J Grant's 2 Week Carpet Sale - LAST 3 DAYS 4 .-IVZS-W it' 100'( Dupont 501 High Low Loop Pattern Lees 100r( DuPont Orion Tip Sheared Rosette Pattern 100(;( Kodel Polyester Extra Heavy Shag Plush 100T Cumuloft Nylon Tip Sheared Pattern Including Padding (FIRST QUALITY) DURING THIS EVENT Yes! Grant's is including first quality rubber coated padding, with the purchase of these fine carpets, during this great 2 week Sale. Don't miss this event. Special on padding 69' sq. yd. UP TO 24 MONTHS TO PAY A wonderful opportunity to carpet your home at a great savings during Grant's semi-annual rug sale. Only 3 days left, Thursday, Friday and Saturday. Buy now and save. A small deposit holds for future delivery or buy on our Special Monthly Payment Plan for rugs only . . . Nothing down, up to 24 months to pay. $44 Compare at $7.50 $55S Sq. Yd. Includes Padding Compare at $10.95 Sq. Yd. Includes Padding 700 Sq- Yd. ' Includes Padding 8 Compare $10.95 Compare at $7.50 Sq. Yd. Includes Padding 100 Cumuloft Nylon makes this carpet easy cleaning long wearing and has been tested and accepted for construction and performance by Good Housekeeping. Colors are fern, red, deep blue, mist, surf, avocado, deep olive nugget, deep gold, burnt gold, and gold beige. Available in 12 and 15 ft. widths. The use of Kodel fiber in carpet is the greatest thing that's happened in the industry in years. You ve had it in your clothes now you can have it in your carpet. Known for its spring back retention that looks new for years. Available in 12 It. widths in Solid and tone on tone pastels. Krost, yellow, frost green, red, deep olive, regal blue, wheat, olive gold, silver blue, sabre gold, cactus green, fern, frost blue, bronze gold, sauterne, beige, and frost beige. A delicate swirl tip-sheared leaf pattern that unites good design with good performance in a room styled for elegance. Suitable for use with any furniture style. Choose from 12 or 15 loot widths in Cortet Red, Ocean Green, Avocado, Tucson Gold, Cloudy Jade, Alabaster, Bronze, Brass, Frosted Cocoa, Nougat Beige, Monterey Beige, Jade, Bottle Green, Tokay. This is a high low loop carpet made of 501 nylon in 12 or 15 ft. widths, it has a sturdy laminated harking with a wide selection of distinctive colors for any decorating scheme such as blue, green, pom pen gold, sapphire blue, bronze, firethorn, bronze green, parchment beige, bayberry red, roman coin, tropic green, avocado, gold, malibu beige, jade green and sandal beige. 5 ways to buy 1. Cash or C.O.D. 2. 30 Day Charge 3. 90 Day Plan 4. Monthly Payment Plan (up to 24 months to pay) Open 9:30 to 5:30 Daily Monday and Friday Nights 'til 9 P.M. ' FREE PARKING Now you can park free on Grant's own lot or any Downtown Park 'n Shop lot. The Home of Nationally Advertised Brands That You Know and Have Confidence In FORT PIERCE 219 SOUTH DIXIE AT EVERNIA VERO BEACH 1718 S. 4th ST. 833-1061 1450 21st. ST. Onerof Florida's Largest and Finest Furniture Stores 5. Lay Away Plan No Hidderrfinance Charge

Get full access with a Free Trial

Start Free Trial

What members have found on this page