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Assuming those statistics are accurate - I'm a little suspicious that they're using non-GAAP metrics - it doesn't prove (or even define) "excessive".
by benced 2y ago
Assuming those statistics are accurate - I'm a little suspicious that they're using non-GAAP metrics - it doesn't prove (or even define) "excessive".
- superkuh 2y agoEven if I take your premise the non-GAAP metrics don't count (we'll ignore the revenue aspects) and excessive is underdefined there is one solid take away: the megacorps like Nash Finch the like said that higher material costs drove their price increases. This is shown to be false (https://www.ftc.gov/system/files/ftc_gov/pdf/p162318supplychainreport2024.pdf https://www.ftc.gov/system/files/ftc_gov/pdf/p162318supplych...). So they lied. Which group will you believe given that? The megacorps like Nash Finch or the FTC?
- benced 2y agoThat report does not show it to be false. Imagine if someone was selling a widget for $10 and their cost of materials is $8. Then, let's say their cost of materials increases to $10 and they raise their price to $13. Their gross profit margin has gone from 20% to 23% even as two thirds - the majority - of the price increase was driven by higher material costs.
- drewcoo 2y ago"Excessive" without further qualification is a qualitative assessment. It's how people feel: "too much!" It's not a quantitative assessment even though it's about numbers.