Reply to We REALLY have been spending more but getting less

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Reply to "We REALLY have been spending more but getting less"

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[quote=Anonymous][quote]Corporate profits are through the roof![/quote]

I keep seeing this on DCUM. An increase in profits is expected in inflationary times. However, absolute profits do not determine profitability; earnings per share do.

Example: Walmart

Here are their profits; indeed record for them, but increases are below inflation (apart from 2021, where profits increased due to the Covid outbreak the year before):

Walmart annual gross profit for 2023 was $147.568B, a 2.65% increase from 2022.
Walmart annual gross profit for 2022 was $143.754B, a 3.54% increase from 2021.
Walmart annual gross profit for 2021 was $138.836B, a 7.33% increase from 2020.

Here are their earnings per share: Sharp decline in 2023 and below the level even in 2020.

Walmart 2023 annual EPS was $4.27, a 12.32% decline from 2022.
Walmart 2022 annual EPS was $4.87, a 2.53% increase from 2021.
Walmart 2021 annual EPS was $4.75, a 8.48% decline from 2020.

Does not look like their profits are through the roof. [/quote]

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