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...This isn't a bad economy. Nor volatile. Nor uncertain. This is, for businesses, the best economy we've had for years. Why are they being forced to raise the
by falcolas 3y ago
...This isn't a bad economy. Nor volatile. Nor uncertain.
This is, for businesses, the best economy we've had for years. Why are they being forced to raise their prices again?
As for 25% not being unreasonable, it's about 10% higher than I'd expect to see in the food industry. 25%, especially for a company that basically requires physical locations, equipment, employees, managers, and food supplies (which expires and has a certain percentage of loss automatically) is absolutely phenomenal.
EDIT:
> Starbucks' NET is down from just two years ago (~2%)
No, it's up $100m 2023's $4.29B vs 2021's $4.19.
- leereeves 3y ago> No, it's up $100m 2023's $4.29B vs 2021's $4.19. Is that adjusted for inflation?
- Alupis 3y ago$4.125B in 2023 Net Income, $4.199B 2021 Net Income. Reread the linked source. Additionally, you're playing fast and loose with the "growth" by comparing it to a previously down year. Again, we'd have to dig further to find out why Net Income was down so much in 2022, but essentially 2023 returned to just below 2021 levels. I would not call that spectacular growth by any means, especially when we consider the runaway inflation that has occurred in the meantime.