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this post was submitted on 13 Sep 2023
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The grocery stores are as well when there's record inflation and people struggling and they are all posting record profits.
How do you find that out?
They fucking brag about it on their earnings calls.
Thanks. I was hoping there was some way to verify that.
Different industry but same behavior: https://www.youtube.com/watch?v=syugb2Q9erY
They are all pretty thoroughly shameless.
"On Tuesday, Conagra Brands—one of the largest consumer packaged goods companies in the U.S.—announced that it had posted a nearly 60% year-over-year profit increase between December 2022 and February 2023."
https://time.com/6269366/food-company-profits-make-groceries-expensive/
I just googled grocery profits
Ok, how do journalists find that out?
You know, if you really bothered to read the article they actually linked the reports from the company.
If you bothered to read the article, you would know that it doesn't claim that companies are posting record profits.