FMI: Food retailers performing "extraordinarily well"

12/13/2005 | Progressive Grocer

The Food Marketing Institute said the supermarket industry, despite ongoing pricing pressure, rebounded in 2004-2005, with industry net profits growing 1.16%. FMI's Annual Financial Review also found most executives surveyed are optimistic about the financial outlook for the coming year, but still concerned about the effects of high fuel costs.

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