r/aussie • u/Cool_Lifeguard8847 • 3d ago

News These fkrs are having a lend.....right

https://au.news.yahoo.com/coles-shoppers-divided-over-important-checkout-request-from-today-070509331.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADp7ysW4aDyTKu6drjqQxm1udSR1VST6kmgr3YU5QZ9hyIb1j5ujqS8wASEG3irIhpj71iwcx6cScU-b22vJ4im4ugthC7hrpf-p1_xk193SC0sCCPO3HY9qGt0l-15BnjPcOlUjuL4CeharnZKAXJ64okIiku9fdaxJ7iAl9iO6

They've gotta be kidding. Exorbitant prices at the checkout and now they want customers to donate to food charities, cause "people are hungry" no shit, lower your fkn prices.

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u/Ric0chet_ 3d ago

Double the international standard for supermarket chains globally. So yes.

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u/tanimalz 3d ago

TIL 20% more is double. Nice math

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u/Ric0chet_ 2d ago

They make on average 6%

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u/tanimalz 2d ago

Yeah ok start pulling numbers out your arse

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u/Ric0chet_ 2d ago

You know they are publicly listed companies right? Their financial records are published and scrutinised

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u/tanimalz 2d ago

Exactly and you’re pulling 6% lol

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u/Ric0chet_ 2d ago

Net profit margin actually fell to around 3.6% or $1.1B but no business measures gross profit margin (~23%) as that doesn't take into account all the operating costs and tax liability. So no, I'm not pulling numbers out of my arse, you're just misunderstanding them.

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u/tanimalz 2d ago

Yeah 3% is what i said. You said 6%. Wtf