Cost-Push Inflation on Profits and the Elasticity Formula

Notes for Writer: Hello This doesnt have to be a long essay just need to represent a company and talk about the inflation of profits by also displaying the Elasticity Formula Elasticity formula is e = %∆Qd / %∆P.
Question 1.
In this week's discussion you are going to be the CEO of a company. In anticipation of the upcoming quarterly disclosure of profits, you prepare your Board of Directors for the pressure that cost-push inflation is having on profits. There will be some erosion of profits. Please make yourself CEO of only one of these hypothetical companies.
Profile of the Companies

All America Grocery Inc - We serve communities in the middle of the income market providing low prices for all basic grocery needs. Our modest income consumers expect good deals on good quality foods. The Covid-19 pandemic has put upward pressure on the price of everything we sell. Cost push inflation from multiple sources are impacting our operating cost and our cost of goods. We are both fortunate and unfortunate that the price elasticity of demand for food is .20.