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Independent Grocers Show Resilience: Key Takeaways From the 2025 FMS/NGA U.S. Independent Grocers Financial Study

Total expenses hit a record 25.8% of sales in fiscal 2024, with labor and benefits at an all-time high of 16.3% — yet independent grocers showed real adaptability, with net profit edging up to 1.9% and inventory turns improving to 17.8. FMS President and CEO Robert Graybill breaks down the study’s findings on single vs. multi-store performance, regional cost differences, the role of prepared foods in driving profitability, and what to watch heading into 2025.  READ MORE

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