Yeah, those numbers are what’s left AFTER they’ve done a bunch of creative accounting to avoid taxes. Their ACTUAL profit margins are significantly larger and growing.
Their ACTUAL profit margins are significantly larger and growing.
Their gross profits are up because money is worth less because of inflation. The purchasing power of those “growing” profits has basically not changed.
Viking_Hippie@lemmy.world 3 weeks ago
Just off the top of my head, some major ones are Walmart, Tyson, Perdue, At&T, Verizon, PG&E and many, many more.
LibreHans@lemmy.world 3 weeks ago
Go look up their net profit margins, they are going sideways.
Viking_Hippie@lemmy.world 3 weeks ago
Yeah, those numbers are what’s left AFTER they’ve done a bunch of creative accounting to avoid taxes. Their ACTUAL profit margins are significantly larger and growing.
LibreHans@lemmy.world 3 weeks ago
Their gross profits are up because money is worth less because of inflation. The purchasing power of those “growing” profits has basically not changed.