4 ms·
See here's the problem and the reason I have noted the problem with the term. Metro profits are up ~12% but so is food. If the profit margins don't change, tho
by iinnPP 4y ago
See here's the problem and the reason I have noted the problem with the term.
Metro profits are up ~12% but so is food. If the profit margins don't change, those numbers indicate the exact opposite of what you are claiming.
Loblaws profits are not up 100% either. The gross profit of Loblaws in 2021 is at ~4.86b where 2022 is at 5.27b. Is that not 8.4%?
Where do you get 2x factor?
- donmcronald 4y agoI said if revenue was 2x with the profit margin being the same, the profits would be double. If your margin is 20%, would you rather have $10 in revenue ($2 profit) or $20 in revenue ($4 profit)? So if their costs go up 20%, they increase prices by 20% to compensate, and they maintain the same margin, the profits are higher.