4 ms·

This link just shows that the profit margin hasn’t increased. Record high profits occur when record high sales occur even if the profit margin is constant. Thi

by voisin 4y ago

This link just shows that the profit margin hasn’t increased. Record high profits occur when record high sales occur even if the profit margin is constant. This link also only looks at gross margin - if revenues and gross profit increase, their fixed operating costs (rent for example is usually fixed for 10-20 years for grocers, or the site is owned by the grocer) are now spread over higher sales so their operating profit (EBIT or EBITDA) can increased dramatically.

bawolff 4y ago
> Record high profits occur when record high sales occur even if the profit margin is constant. Sure, but why would anyone call such a situation profiteering? Furthermore it seems unlikely that the amount of food canadians have eaten has changed significantly over the last few years. Its not like the population increased significantly.