
Canada’s big three supermarket chains have continued to increase their profits on the back of record high grocery prices, a new Star analysis has found.
Loblaw, Empire (Sobeys) and Metro have all reported even bigger profits and profit margins than they did six months ago, when the Star published an investigation into grocery inflation.
If their profit margins had stayed where they were before the first COVID-19 lockdown in 2020, the three supermarket chains would have made almost $1 billion less in gross profit over the past year, according to their own published financial statements.

