3 ms·
Uh, Covid inflation came from food & energy [3] profiteering and a lessor extent the loss of labor participants [1]. Tyson Foods didn't grow their margin by 4%
by lesuorac 2y ago
Uh, Covid inflation came from food & energy [3] profiteering and a lessor extent the loss of labor participants [1].
Tyson Foods didn't grow their margin by 4% by paying their suppliers more, you grow your margin by charging more in excess of what you pay your suppliers [2].
[1]: https://www.bls.gov/opub/mlr/2023/beyond-bls/what-caused-the-high-inflation-during-the-covid-19-period.htm https://www.bls.gov/opub/mlr/2023/beyond-bls/what-caused-the...
[2]: https://companiesmarketcap.com/tyson-foods/operating-margin/ https://companiesmarketcap.com/tyson-foods/operating-margin/
[3]: https://www.reuters.com/legal/litigation/drivers-sue-us-shale-oil-producers-over-alleged-price-fixing-scheme-2024-01-16/ https://www.reuters.com/legal/litigation/drivers-sue-us-shal...