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These numbers are gross profit I believe. You can have $100B in gross profits and $100B in costs, netting $0. Better to show EBITDA and make your point that way.
To your point "Starbucks annual net income for 2023 was $4.125B, a 25.69%" https://www.macrotrends.net/stocks/charts/SBUX/starbucks/net-income#:~:text=Starbucks net income for the,a 25.69%25 increase from 2022.
104 comments