The glaring error is this screenshot is listing an income figure that is comparable to the 2022 total revenues in the 2022 fiscal report.

https://www.macrotrends.net/stocks/charts/SBUX/starbucks/ebitda

It looks like Starbucks 2023 EBITDA was $7.3 Billion and the net income was $4.1 Billion.

The post makes a good point, but uses garbage data. Why do they do this? Although an $11,000 raise would elliminate the actual net earnings figure.

I did the math, too, and came to the same conclusion.

I'll just be over here eating cake, like a good sans-culottes

Can't expect change when all we elect are wealthy people who care more about their stock portfolios than their constituents.

I'm pretty sure the last couple of years has been mass rich fuck retaliation for pushing some fast food workers wages to $15/hr.

Ok. $36 biliion consolidated net revenue reported at a 16% profit margin for fiscal year 2023 still leaves $5.76 billion in money that went somewhere after everyone was paid, taxes were ~~avoided~~ paid and all approved expenses were handled.

Edit: adding source https://investor.starbucks.com/press-releases/financial-releases/press-release-details/2023/Starbucks-Reports-Q4-and-Full-Year-Fiscal-2023-Results/default.aspx

Teach me papa

Aka one family meal at Culver's.

Came here to say this too, so I hope it's okay if I elaborate.

Politicians and corporations love to conflate cost of living increases with inflation. Not every price increase is due to inflation. Only price increases that are due to increased customer buying power are inflation. Taxes don't 'drive inflation' they slow it, because they reduce customer buying power. Taxes DO increase cost of living (if they aren't used to fund services that reduce cost of living).

Corporations love to point at price increases and just 'inflation'. Politicians love to say

we're getting tough on inflation, our policies limited it to just 5% (or whatever).

When sure maybe inflation is just 5% but total cost of living has gone up much more, which is the actual problem.

Inflation typically only hurts people on fixed incomes. Hyper inflation, where inflation is so severe that markets can't set prices and people lose faith in money altogether, is obviously a problem but it takes a lot more inflation than what we're seeing.

I keep asking people to join my radical and extremely poorly regulated militia but everyone thinks it's a joke for some reason.

It's perfectly evil system as nobody has to take moral accountability. The board has to make the best decisions for the shareholders and the shareholders don't run the company, just invest in it. It's what my mind goes to when oil companies claim that they are doing their part for climate change.

It is sorted, it's a list of "gigantic asshole companies" they just all tied for first.

:P

These numbers are gross profit. A quick search would verify this for yourself.
You seem to misunderstand what gross profit is because you decided to make a weird word salad.
Gross profit is the profit a business makes after subtracting all the costs that are related to manufacturing and selling its products or services.
So the numbers are relevant. It's not worker wages that are the driving inflation. It's not government handouts driving inflation. It's corporate profits that are driving inflation

Stock price is not inherently tied to profit. That is why p/e ratio exists. Also different industries can have different p/e ratios. Not even this holds though. Tesla's p/e is OOM more than Toyota, but Toyota has higher profits and sells more cars.

If it's 400,000 employees, that means at least one in every thousand Americans works for the company.

Convincing people they need to buy basically the exact same shit yearly.

And fighting a lot of lawsuits involving their planned obsolescence and monopoly so they can keep it that way.