Grocery stores (NAICS 445110) industry trends
The grocery stores industry includes stores such as supermarkets and convenience stores. Supermarkets and other grocery stores sell canned and frozen foods, fresh fruits and vegetables, fresh and prepared meats, fish, poultry and other general food products. Convenience stores or food marts sell milk, bread, soda and snacks. Generally, convenience stores offer a more limited selection of food items than supermarkets or grocery stores.
The Census Bureau’s most recent data indicates that there are approximately 90,391 stores within this industry. The majority of stores within this industry are supermarkets.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 2.56 percent. During this time, the average gross profit margin was 23.06 percent.
The graph below shows business statistics for the average company in the grocery stores industry.