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It was generating EBIT margins of 3.9 (well below Woolworths food, grocery and liquor EBIT margins of 6.98 in FY14!) prior to the entry of Aldi and now the margin sits at 2.9. This may not seem like much, but to a business the size of Carrefour, it has dramatically impacted earnings. I.
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Note that these are wholesale or dealer-to-dealer bid prices (sight-seen with coin in hand to make a bid or offer to purchase) taken right from The Coin Dealer Newsletter (CDN) or greysheet, so we are not viewing what might have happened at the retail level.
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