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<p>[QUOTE=&quot;eddiespin, post: 642415, member: 4920&quot;]Ask and ye shall receive, Larry. That 40% GM referred to the top-line margin. That is to say, Sales less Cost of Goods Sold equals Gross Margin. Express Gross Margin, now, as a percentage of Sales, and that&#039;s the 40%. Actually, between 35-40% would be more accurate for most big grocery retailers from what I know. I was rounding for purposes of replying to Boss, though. Now, that 7%, and that 6-8% you referenced, as well as those Whole Foods Market numbers I just referenced, are all off the bottom of the income statement. Those come in after all the operating expenses have been accounted for. Mike and I got to that point through a rather circuitous route. If you&#039;ll backtrack a little, I&#039;m sure you&#039;ll see how that happened. Hey, FWIW. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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