BarterClub@sh.itjust.works to Antiwork@lemmy.worldEnglish · 1 year agoRecord profits drive inflationi.imgur.comimagemessage-square99fedilinkarrow-up11.59Karrow-down160
arrow-up11.53Karrow-down1imageRecord profits drive inflationi.imgur.comBarterClub@sh.itjust.works to Antiwork@lemmy.worldEnglish · 1 year agomessage-square99fedilink
minus-squareAckerthegod@lemmy.worldlinkfedilinkarrow-up9arrow-down1·1 year agoThese numbers are gross profit I believe. You can have $100B in gross profits and $100B in costs, netting $0. Better to show EBITDA and make your point that way.
minus-squarePoxlox@lemmy.worldlinkfedilinkarrow-up5·1 year agoTo your point “Starbucks annual net income for 2023 was $4.125B, a 25.69%” https://www.macrotrends.net/stocks/charts/SBUX/starbucks/net-income#:~:text=Starbucks net income for the,a 25.69%25 increase from 2022.
These numbers are gross profit I believe. You can have $100B in gross profits and $100B in costs, netting $0. Better to show EBITDA and make your point that way.
To your point “Starbucks annual net income for 2023 was $4.125B, a 25.69%” https://www.macrotrends.net/stocks/charts/SBUX/starbucks/net-income#:~:text=Starbucks net income for the,a 25.69%25 increase from 2022.