This would be much more telling if it had the gross profits compared from 2020 as well – this way we could determine accurately whether the ‘record profits’ people are talking about have been generated by increased profit margins, or if they appear larger because they have not been inflation adjusted.
Good info though, just not as good as it could be.
The data presented here isn’t even sufficient to prove the point being made. You would need to compare profit margins in 2019 to 2023 and show they increased meaningfully to try and prove price increases were due to being “ripped off” and not just inflation.
Along with the comparison of the gross profit margin for the same years, I think it would be especially informative if you could add the columns for the C-level and board compensations; seeing how much these have risen is sadly telling about where the money is going.
How were these products selected? Something tells me this selected for products with the highest price increases. (I.e., not a representative sample)
I buy boxes of rice-a-roni fairly frequently.
Pre-covid they were $0.85 a piece. Now they’re $1.45
Nice. I wish it was net profits instead of gross but I’m nitpicking.
How about Aldi? Their prices are the lowest amongst most places in my area.
Echoing others on here that a profit comparison would be good. I’d personally like to see OI% too, since this is a much better indicator on how far a company is away from zero profits, relative to its total revenue.
Why not show the profits from 2020 as well so folks could compare? Of course companies profit, how much more have they profited with the price changes?
Why would you use gross profits over net profits? Very misleading. Would also throw in net profit margin.
I genuinely feel bad for those with bigger families especially those that have paychecks that certainly haven’t kept up!!
It would be a better comparison if it also compared %change in profit from 2020 to 2024.
Any chance to see healthy option price changes from same time period?
Net Profits in 2020 vs 2024. Gross profits mean nothing without costs factored in.
Reddit doesn’t want to see this
Hardly any of that is “food”, it’s all heavily processed garbage.
honestly considering opening a social media account called “understanding modern feudalism” and this kind of content is top of the list.
If you want to make this worse, go to a non national store like meijer and get prices.
bro this is just a table
1.) Gross profits does not = net profits or even EBIDTA.
2.) This doesn’t account for shrinkflation as well. In a lot of cases, the price went up and the size/weight of what you got went down
I’d like to see if there is a correlation in their overall profits as well between the years
But I thought Vice President Harris was to blame.
crazy how a good chunk probably have corn syrup. Are you American?
it’d be far more interesting to show how they raise the price of food items while also putting less food in them. Sneaky shit like going from 24lbs to 22lbs or 20lbs then charging the same price or raising it.
It would be epic to see what wal mart’s profit would be if the prices were equal to the 2020 prices. I’m sure they would still have over $60 billion in profits and yet people blame anything but corporate greed.
Billionaires are made while the working class suffers. Capitalism is a disease
The real damage of this is this that when other people see Walmart increase its prices, that becomes the norm, the justification, and the all increase their prices.
28 comments
This would be much more telling if it had the gross profits compared from 2020 as well – this way we could determine accurately whether the ‘record profits’ people are talking about have been generated by increased profit margins, or if they appear larger because they have not been inflation adjusted.
Good info though, just not as good as it could be.
The data presented here isn’t even sufficient to prove the point being made. You would need to compare profit margins in 2019 to 2023 and show they increased meaningfully to try and prove price increases were due to being “ripped off” and not just inflation.
Along with the comparison of the gross profit margin for the same years, I think it would be especially informative if you could add the columns for the C-level and board compensations; seeing how much these have risen is sadly telling about where the money is going.
How were these products selected? Something tells me this selected for products with the highest price increases. (I.e., not a representative sample)
I buy boxes of rice-a-roni fairly frequently.
Pre-covid they were $0.85 a piece. Now they’re $1.45
Nice. I wish it was net profits instead of gross but I’m nitpicking.
How about Aldi? Their prices are the lowest amongst most places in my area.
Echoing others on here that a profit comparison would be good. I’d personally like to see OI% too, since this is a much better indicator on how far a company is away from zero profits, relative to its total revenue.
Well-displayed and easy to read to be sure!
The relevant number here would be net profit margin since many expenses have increased. Wal-Mart’s net profit margin in 2024 is [2.34%](https://www.macrotrends.net/stocks/charts/WMT/walmart/profit-margins#:~:text=Current%20and%20historical%20gross%20margin,31%2C%202024%20is%202.34%25.), which is below both their historical average and their peak in 2020. Their gross profit margin is also down from where it’s been most of the last decade. Companies aren’t profiteering, it’s just that operations, ingredients, and payroll are all more expensive.
Why not show the profits from 2020 as well so folks could compare? Of course companies profit, how much more have they profited with the price changes?
Why would you use gross profits over net profits? Very misleading. Would also throw in net profit margin.
I genuinely feel bad for those with bigger families especially those that have paychecks that certainly haven’t kept up!!
It would be a better comparison if it also compared %change in profit from 2020 to 2024.
Any chance to see healthy option price changes from same time period?
Net Profits in 2020 vs 2024. Gross profits mean nothing without costs factored in.
Reddit doesn’t want to see this
Hardly any of that is “food”, it’s all heavily processed garbage.
honestly considering opening a social media account called “understanding modern feudalism” and this kind of content is top of the list.
If you want to make this worse, go to a non national store like meijer and get prices.
bro this is just a table
1.) Gross profits does not = net profits or even EBIDTA.
2.) This doesn’t account for shrinkflation as well. In a lot of cases, the price went up and the size/weight of what you got went down
I’d like to see if there is a correlation in their overall profits as well between the years
But I thought Vice President Harris was to blame.
crazy how a good chunk probably have corn syrup. Are you American?
it’d be far more interesting to show how they raise the price of food items while also putting less food in them. Sneaky shit like going from 24lbs to 22lbs or 20lbs then charging the same price or raising it.
It would be epic to see what wal mart’s profit would be if the prices were equal to the 2020 prices. I’m sure they would still have over $60 billion in profits and yet people blame anything but corporate greed.
Billionaires are made while the working class suffers. Capitalism is a disease
The real damage of this is this that when other people see Walmart increase its prices, that becomes the norm, the justification, and the all increase their prices.