Do Foodstuffs run the stores as separate entities to their distribution and production arms? Because figuring out the supermarket company profits is a very complicated thing. A store might only make $1m a year, but if it has to buy from the parent distributor then we also need to figure out what the profit is there as well.

[–] Dave 1 points 3 months ago

That $200m profit is reported in the financials for Foodstuffs NI. There seems to be some fonterra style coop stuff happening as Foodstuffs made a net profit of like $60m after distributions to members.

I took the number before distributions but you're right. Hell, many of the stores might have made a loss before the distribution. Many may have a profit for the store owner before the Foodstuffs NI distribution.

Like you say, it's hard to accurately track.