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Starbucks revenue, from coffee, was $32 billion. Their 'profit' from gift cards was 0.6% of that.
by somenameforme 3y ago
Starbucks revenue, from coffee, was $32 billion. Their 'profit' from gift cards was 0.6% of that.
- Yiin 3y agoWhat was their profit from coffee? Comparing revenue with profit numbers says nothing.
- throwaway2037 3y agoNit pick: It would be better to compare Starbucks coffee profits vs gift card "profits". Without expired gift card balances, the profit margin is zero (or negative) on gift cards.
- hef19898 3y agoThat's why comparing revenue to profits to valuation to GDP doesn't make any sense at all.