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Reply to "LCBO Price Alert"

quote:
Originally posted by The Web:
quote:
Originally posted by bman:
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Tough for any of them to turn their backs on $1.3 billion of profits. Then again, if they did it right, they'd probably make even higher profits.....


Does the LCBO publish their margins? And how would they compare to a similar sized retailer in the US?


They publish their financial statements and their margins are off the scale. I am no financial analyst but I did take a short course at Rotman Business School which studied the LCBO's financial statements compared to mostly major for-profit corporations and also Manitoba Lottery. No surprise that the latter and LCBO were the most profitable by far.
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