• BezzelBobOP
    link
    fedilink
    226 months ago

    This companies are able to generate billions in profit every quarter, let alone every year. They have also been reporting record breaking profits quarter after quarter for the past several years. I’m pretty sure the 17 y/o Burger flippers aren’t the problem here.

    https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/gross-profit

    • McDonald’s gross profit for the quarter ending March 31, 2024 was $3.439B, a 3.77% increase year-over-year.
    • McDonald’s gross profit for the twelve months ending March 31, 2024 was $14.688B, a 9.03% increase year-over-year.
    • McDonald’s annual gross profit for 2023 was $14.563B, a 10.26% increase from 2022.
    • McDonald’s annual gross profit for 2022 was $13.207B, a 4.98% increase from 2021.
    • McDonald’s annual gross profit for 2021 was $12.58B, a 29% increase from 2020.

    [1]Average franchise profitability at Burger King rose nearly +50% last year (2023) compared to 2022

    https://www.macrotrends.net/stocks/charts/SBUX/starbucks/gross-profit

    • Starbucks gross profit for the quarter ending March 31, 2024 was $5.914B, a 0.06% decline year-over-year.
    • Starbucks gross profit for the twelve months ending March 31, 2024 was $25.104B, a 8.86% increase year-over-year.
    • Starbucks annual gross profit for 2023 was $24.567B, a 12.01% increase from 2022.
    • Starbucks annual gross profit for 2022 was $21.933B, a 7.93% increase from 2021.
    • Starbucks annual gross profit for 2021 was $20.322B, a 28.43% increase from 2020.
      • BezzelBobOP
        link
        fedilink
        46 months ago

        If I had to guess it would be for 2 reasons, humans don’t like change so people that frequently go to McD will still go, and that all humans need food and a bonus of less people know how to cook

        It’s a scary thing to think these companies can just get away with shit like this but at the end of the day until we as a society boycott them - and I mean a legit boycott, not some 3 day reddit boycott - they’ll find any excuse to fuck us for profit

        • @[email protected]
          link
          fedilink
          3
          edit-2
          6 months ago

          We’re also in a society now where 2 people or 2+jobs are REQUIRED for a “normal life” unless you’re a tech or finance bro. People just don’t have the energy or time to cook, fast food is often “on the way home” and saves well over an hour and effort.

          I’m “lucky” that I’m single, in that I can cook a weeks worth of food in one day and there’s no one to complain about “this again?” In literally every other respect being single in this society for over a decade sucks.