The larger half of the grocery duopoly (~38% share). Highest-in-the-world EBIT margins; misleading pricing on 266 products over 20 months during the inflation peak.
Estimated flow offshore, each year
≈A$2.2bn/yr
Flowing to shareholders. 67% of groceries; margins expanded through the inflation peak (ACCC).
vs
Corporate income tax paid · 2023-24
A$767m
Pays close to the full company rate on its taxable income. Its rort is measured in margins, not the tax bill. ATO Corporate Tax Transparency 2023-24.