As such, it might seem weird that LITE is pivoting back to producing lower-margin transceivers.

Source: https://seekingalpha.com/article/4658866-lumentum-positive-on-the-cloud-light-technology-acquisition?source=feed_all_articles

Plus, if the company has to rely more on lower-margin general merchandise sales as opposed to grocery sales, that could cut profits.

Source: https://247wallst.com/investing/2023/11/12/6-reasons-to-avoid-walmart-today/

The only situation I can think of where MSCI's margins don't increase over time is if its lower-margin businesses become a much more significant portion of the company's revenues.

Source: https://seekingalpha.com/article/4591966-msci-this-index-provider-is-a-great-but-expensive-stock?source=feed_all_articles

You mentioned in the press release and also in the presentation the deliberate shedding of some lower-margin beverage business.

Source: https://seekingalpha.com/article/4584610-corbion-n-v-csnvf-q4-2022-earnings-call-transcript?source=feed_all_articles