Be skeptical of people who point out “record profits” but don’t talk about record costs.
I was lucky enough to get a raise this year, I’m now making more money on my paycheck than ever before, but food is more expensive, gas is more expensive, and rent is more expensive. So no, im actually poorer than a few years ago.
Don’t trust the “record profit” talk if it’s not accompanied with talk of “record costs.”
We ought to focus on the people in charge of the money printer, and those who benefit the most from the money printer. Why aren’t we talking about this instead?
Since when gross profit is termed only as profits? In case of starbucks 24.56 bil does not account for store operating expense, which include wages and benefits(8.7 bil) Also, if we subtract 4 bil as suggested in the post net earning will be in few hundred millions and cash flow would be negative.
What bullshit post it is!!!
At least give proper figures.
Thats probably Ebitda, not profits. It is known by the investor community that Starbucks is currently at the brink of bankrupcy.
Starbucks made 4.12 bln in 2023. 11.000$ raises would make the company non profitable.
Also keep in mind the capital expenditures these companies have and the cash reserves they have to keep on hand to manage risk.
Question…why when we talk about “inflation” we discuss it in terms of a percentage, but when we want to talk about “corporate greed” we use raw numbers? If inflation is say 20% over the last three years, wouldn’t corporate profits also rise by that same 20% just by doing “nothing”.
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Be skeptical of people who point out “record profits” but don’t talk about record costs.
I was lucky enough to get a raise this year, I’m now making more money on my paycheck than ever before, but food is more expensive, gas is more expensive, and rent is more expensive. So no, im actually poorer than a few years ago.
Don’t trust the “record profit” talk if it’s not accompanied with talk of “record costs.”
We ought to focus on the people in charge of the money printer, and those who benefit the most from the money printer. Why aren’t we talking about this instead?
Since when gross profit is termed only as profits? In case of starbucks 24.56 bil does not account for store operating expense, which include wages and benefits(8.7 bil) Also, if we subtract 4 bil as suggested in the post net earning will be in few hundred millions and cash flow would be negative.
What bullshit post it is!!!
At least give proper figures.
Thats probably Ebitda, not profits. It is known by the investor community that Starbucks is currently at the brink of bankrupcy.
Starbucks made 4.12 bln in 2023. 11.000$ raises would make the company non profitable.
Also keep in mind the capital expenditures these companies have and the cash reserves they have to keep on hand to manage risk.
Question…why when we talk about “inflation” we discuss it in terms of a percentage, but when we want to talk about “corporate greed” we use raw numbers? If inflation is say 20% over the last three years, wouldn’t corporate profits also rise by that same 20% just by doing “nothing”.