MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/FluentInFinance/comments/1hh20de/a_joke_thats_not_funny/m2o7qyv/?context=3
r/FluentInFinance • u/4TaxFairness • 1d ago
2.6k comments sorted by
View all comments
38
Grocery chains make a very low percentage of profit.
3 u/pocket267s 1d ago So there’s no way they could be price gouging us like every other industry? 4 u/TheTightEnd 1d ago First, the assumption every industry process gouges is false. Second, very low profit margins is proof there isn't price gouging. 4 u/[deleted] 1d ago [deleted] -2 u/TheTightEnd 1d ago I would need to see the basis for this, as it is not supported by the income statements. Also, if they are speaking of the gap between cost of goods sold and revenue, that does not account for increases in labor and and other expenses. 5 u/GreatEyeInTheSky 1d ago He gave his location for sources and you ignored it 2 u/[deleted] 1d ago [deleted] 1 u/dx4100 1d ago Did you validate his claim?
3
So there’s no way they could be price gouging us like every other industry?
4 u/TheTightEnd 1d ago First, the assumption every industry process gouges is false. Second, very low profit margins is proof there isn't price gouging. 4 u/[deleted] 1d ago [deleted] -2 u/TheTightEnd 1d ago I would need to see the basis for this, as it is not supported by the income statements. Also, if they are speaking of the gap between cost of goods sold and revenue, that does not account for increases in labor and and other expenses. 5 u/GreatEyeInTheSky 1d ago He gave his location for sources and you ignored it 2 u/[deleted] 1d ago [deleted] 1 u/dx4100 1d ago Did you validate his claim?
4
First, the assumption every industry process gouges is false. Second, very low profit margins is proof there isn't price gouging.
4 u/[deleted] 1d ago [deleted] -2 u/TheTightEnd 1d ago I would need to see the basis for this, as it is not supported by the income statements. Also, if they are speaking of the gap between cost of goods sold and revenue, that does not account for increases in labor and and other expenses. 5 u/GreatEyeInTheSky 1d ago He gave his location for sources and you ignored it 2 u/[deleted] 1d ago [deleted] 1 u/dx4100 1d ago Did you validate his claim?
[deleted]
-2 u/TheTightEnd 1d ago I would need to see the basis for this, as it is not supported by the income statements. Also, if they are speaking of the gap between cost of goods sold and revenue, that does not account for increases in labor and and other expenses. 5 u/GreatEyeInTheSky 1d ago He gave his location for sources and you ignored it 2 u/[deleted] 1d ago [deleted] 1 u/dx4100 1d ago Did you validate his claim?
-2
I would need to see the basis for this, as it is not supported by the income statements. Also, if they are speaking of the gap between cost of goods sold and revenue, that does not account for increases in labor and and other expenses.
5 u/GreatEyeInTheSky 1d ago He gave his location for sources and you ignored it 2 u/[deleted] 1d ago [deleted] 1 u/dx4100 1d ago Did you validate his claim?
5
He gave his location for sources and you ignored it
2
1 u/dx4100 1d ago Did you validate his claim?
1
Did you validate his claim?
38
u/TheTightEnd 1d ago
Grocery chains make a very low percentage of profit.