AHWhite on Nostr: This seems to be mirrored by the development in Europe where overall margins also ...

This seems to be mirrored by the development in Europe where overall margins also dropped by 3% despite increasing prices from 2019-2022. interesting and detailed report from McKinsey:
https://www.mckinsey.com/industries/retail/our-insights/state-of-grocery-europe-2023-living-with-and-responding-to-uncertainty

EBITDAs are under pressure that's for sure.