by [email protected] | Jul 30, 2020 | Members Only
Clubs cannot afford to just absorb cost increases and put off price adjustments without regular monitoring of GP margins and profitability performance reviews. Club operations are subject to a range of ever changing costs affecting food, beverage and energy costs to...
by [email protected] | Jul 27, 2020 | Members Only
Reviewing your profit margins regularly is good practice. Clubs need to be mindful of products gross profit (GP) margins and can utilise the following formula to calculate the GP percentages: Gross Profit Margin = (Retail price – Cost price ) X 100% Retail...
