FALLS CHURCH, Va. -- Despite a healthy sales increase, wholesalers' profit margins shrank to a seven-year low in 1993, according to a recent report by the National-American Wholesale Grocers' Association here. .8% in 1993, compared with 5.1% in 1992 and 4.8% in 1991. Wholesalers' income before taxes, however, averaged 0.9% of sales in 1993 -- the smallest profit margin recorded by wholesalers in the seven years NAWGA-IFDA has conducted the study. Wholesalers' income before taxes averaged ...

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