John O’Kelly, CEO of Newcastle Systems: ‘Navigating the Future of Food and Beverage’

While all companies deal with logistics, F&B businesses must also navigate a much higher degree of difficulty with stringent food safety regulations, maintaining cold chains, managing perishable goods, and operating with thin profit margins.

Details Flowers: Mastering Profit Margins

July 15, 2024 Details Flowers

Profit margin is a key financial indicator that helps determine how much profit you’re making on each sale. Traditionally, many florists used a combination of a 2X markup on costs and a labor percentage to calculate their prices.