Ok. $36 biliion consolidated net revenue reported at a 16% profit margin for fiscal year 2023 still leaves $5.76 billion in money that went somewhere after everyone was paid, taxes were avoided paid and all approved expenses were handled.
The point is, you don’t have to use misleading data to tell compelling stories. Use the real data. The net profit of ~$5 billion is still enough for a healthy raise for their wage workers.
Ok. $36 biliion consolidated net revenue reported at a 16% profit margin for fiscal year 2023 still leaves $5.76 billion in money that went somewhere after everyone was paid, taxes were
avoidedpaid and all approved expenses were handled.Edit: adding source https://investor.starbucks.com/press-releases/financial-releases/press-release-details/2023/Starbucks-Reports-Q4-and-Full-Year-Fiscal-2023-Results/default.aspx
WILL SOMEBODY PLEASE THINK OF THE SHAREHOLDERS??? HOW CAN THEY SURVIVE WITHOUT THEIR (checks Starbucks earnings sheet) $4B IN NET EARNINGS???
Yup.
The point is, you don’t have to use misleading data to tell compelling stories. Use the real data. The net profit of ~$5 billion is still enough for a healthy raise for their wage workers.