Operating Margin
Business teardowns and operating memos on how companies actually run — margin structure, inventory, supplier risk, and the systems underneath.
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Aug 12, 2026
Vital Farms Gained Market Share. Its Gross Margin Still Collapsed.
How a supply strategy built for an egg shortage helped send Vital Farms’ gross margin from 38.9% to 6.6%.
ReadMay 19, 2026
How Zara Turns Speed Into Margin in the Shein Era
How Zara uses speed, inventory discipline, and faster feedback loops to protect margins in a world where fashion demand is harder to predict.
ReadApr 28, 2026
Why Most Consumer Brands Don’t Fail from Lack of Demand — They Fail in Operations
A consumer brand can do almost everything right on the surface.
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