• Tavarin@lemmy.ca
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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@lemmy.ca
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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@lemmy.ca
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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@lemmy.ca
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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.