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> Do not buy into that narrative. ... Carrefour's profits in 2022 were about the same as in 2019. Isn't this exactly why we should buy into this narrative? The
by m000 3y ago
> Do not buy into that narrative. ... Carrefour's profits in 2022 were about the same as in 2019.
Isn't this exactly why we should buy into this narrative? The manufacturers increased their margins, so Carrefour sells more expensive, but in the end gets the same total profit.
- deelowe 3y agoThe parent is saying that these "increase in margins" are companies trying to get ahead of inflation. The media narrative has been to blame the corporations, despite the real issue being the economy. There are elections to worry about, so we can't have that. Smart businesses don't wait until they start losing money to make adjustments. They plan ahead. These "margin increases" are literally increases due to inflation which will companies expect to take hold over the next 1-2 years. There could be a variety of factors for this. One such example is corporate bonds rolling over to new interest rates which are expected to start happening en masse very soon.
- Loughla 3y ago>The media narrative has been to blame the corporations, despite the real issue being the economy. This might be a really, really stupid question, but aren't corporate decisions sort of the economy?
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- m000 3y agoManufacturers trying to get ahead of inflation and ending up with record profits. How convenient. I'll buy the media narrative this time, thank you.
- kortilla 3y agoThey are only record profits when you don’t adjust for inflation. Companies in Zimbabwe were making record profits every year, what a booming economy!!!
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