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Wholesale-groceries, general line company · DE · FY ends Sep · Revenue $2.82B · 0.56% margin
Operating margin is thin at 0.79%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.9%, steady but not accelerating. Free cash flow declined 80% despite revenue growth, conversion is weakening.
Free cash flow declined 80% versus the prior year, cash generation momentum has weakened. Net debt of $46M represents 4.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$2.82B
▲ +3.9% YoY
Net Income (TTM)
-$2M
▼ -86.9% YoY
Op. Margin
0.56%
▲ +0.1pp YoY
ROIC
10.38%
▲ +3.5pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$10M
▼ -79.6% YoY
Op. Cash Flow (TTM)
$72M
▼ -72.5% YoY
Net Debt
$34M
Cash & Equiv.
$643K
5Y CAGR: +13.1%
5Y CAGR: -4.0%
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