BarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 10 months agoRecord profits drive inflationi.imgur.comimagemessage-square106fedilinkarrow-up11.6Karrow-down161
arrow-up11.53Karrow-down1imageRecord profits drive inflationi.imgur.comBarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 10 months agomessage-square106fedilink
minus-squareAckerthegod@lemmy.worldlinkfedilinkarrow-up10arrow-down2·10 months 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-up5·10 months 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.