We are in the food business, and our profit margins are on the order of 2.5%. I don't know where 2.5% is considered excessive for turnover like ours. The margin of error is very narrow. We have to pay our 130,000 employees, invest millions of dollars in capital to renovate our stores, and build distribution infrastructure to cover a country the size of Canada, while remaining profitable.
So 2.5% profit, I don't call that "excessive".
Thank you.