Wednesday, February 02, 2022

BS Business du Jour

The bullshit is thick in corporate America these days:

Starbucks will increase prices this year, the coffee giant said on Tuesday, blaming supply chain disruptions and a sharp rise in labor costs.

For the last three months of last year, the company’s profit soared 31 percent, to $816 million, Starbucks said in reporting its quarterly earnings on Tuesday. Revenue grew to $8.1 billion, a 19 percent jump compared with the same quarter a year ago. 

Companies like Starbucks are doing a pretty, pretty, pretty good job of  rebranding corporate greed as "inflation".

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