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by falcolas 813 days ago
...This isn't a bad economy. Nor volatile. Nor uncertain.

This is, for businesses, the best economy we've had for years. Why are they being forced to raise their prices again?

As for 25% not being unreasonable, it's about 10% higher than I'd expect to see in the food industry. 25%, especially for a company that basically requires physical locations, equipment, employees, managers, and food supplies (which expires and has a certain percentage of loss automatically) is absolutely phenomenal.

EDIT:

> Starbucks' NET is down from just two years ago (~2%)

No, it's up $100m 2023's $4.29B vs 2021's $4.19.
2 comments
Alupis 813 days ago
$4.125B in 2023 Net Income, $4.199B 2021 Net Income. Reread the linked source.

Additionally, you're playing fast and loose with the "growth" by comparing it to a previously down year. Again, we'd have to dig further to find out why Net Income was down so much in 2022, but essentially 2023 returned to just below 2021 levels. I would not call that spectacular growth by any means, especially when we consider the runaway inflation that has occurred in the meantime.

link
leereeves 813 days ago
> No, it's up $100m 2023's $4.29B vs 2021's $4.19.

Is that adjusted for inflation?

link