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by Alupis
1220 days ago
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Someone is playing fast and loose with the word "profit". The claimed amounts are gross profits - which do not account for majority of a company's overhead expenses, such as personnel, insurance, compliance, etc... ie. the things that increased in cost the most during covid. Net Profit would be far more interesting, but even there we would expect an increase if prices were raised due to costs. It just won't be as sensational as the number currently being tossed around. Not to mention we're comparing data to 2021, which had most things shut down. A better comparison would be to compare to 2019... |
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