• Tavarin
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    1 year ago

    Tell that to Loblaws with it’s multi-billion dollars a year in profits since lockdowns.

    • Empricorn@feddit.nl
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      1 year ago

      Someone should sue them, then! Let’s see how he feels when someone lobs a law bomb at Loblaws’ Bob Loblaw.

    • Aux@lemmy.world
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      1 year ago

      It doesn’t matter what their profit is if their margin is only 2%.

      • Tavarin
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        1 year ago

        It’s 4% for Loblaws, and when the profit is billions it does matter.

        • Aux@lemmy.world
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          1 year ago

          It doesn’t, because you still have a tiny margin. Get one bad year and your business will be wiped out.

          • Tavarin
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            1 year ago

            Not when the profit is billions, Loblaws could run at at a sizeable loss for the next decade and still be fine.

            • Aux@lemmy.world
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              1 year ago

              No, it can’t. 4% loss will wipe out everything they’ve earned. That’s the problem with low margins.

              • Tavarin
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                1 year ago

                Yes it can, they’ve been making billions in profits every year for years. Unless they are morons and frittered away the profits, they absolutely can run at a moderate loss for years.

                Why are you defending billionaires?

                • Aux@lemmy.world
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                  1 year ago

                  Because you don’t understand economics and act like a 13yo kid.

                  • Tavarin
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                    1 year ago

                    Because you think the board should take the profits and be billionaires.

                    I clearly understand economics better than you, because Loblaws could easily survive years running at a loss given the BILLIONs in profits they currently make annually, and the billions their owners are worth.