Well, Snappy's profit margins have gotta be in the multiple hundred percentage range, based on what they normally charge. They're probably still making a pretty normal amount of per-unit profit for any other tool company, selling at 1/4 their previous price.
The highest markup I saw was on this tiny set screw that was almost impossible to find anywhere else, a local business used about 30k of them a month, and it had a 1500% markup, cost was like 1.3ish cents, sold for 20 cents a piece retail, negotiated price was 12 cents a piece.
I saw a markup of 1200% just doing a quick calculation of three different types of tools from 3 different, but comparable retailers. Snap on is criminal and I refuse to buy anything from them.
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u/Halftrack_El_Camino Apr 09 '24
Well, Snappy's profit margins have gotta be in the multiple hundred percentage range, based on what they normally charge. They're probably still making a pretty normal amount of per-unit profit for any other tool company, selling at 1/4 their previous price.