Quote:
Originally Posted by creeky
Both Loblaws and Safeway reported record profits last quarter of 2023, IIRC 12 million available alone to "common shareholders" (Loblaws).
Creeky....
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Lets see, last quarter they sold $100 worth of goods and had a $4.00 profit, this quarter they sold the same goods, but they sold for $105. With the same 4% profit margin they made a record $4.20 profit. So inflation drove up their sales value and along with it their profits. Yup, round 'em up and hang 'em high!
ARG