Derec
Contributor
Qasim Rashid seems to be a professional activist. And he has no idea what he is talking about. There is definitely a high inflation and there is definitely a labor shortage.
As far as increasing profits in 2021, what were the profits in 2020? It's easy to have big increases from a bad baseline.
As to inflation, the price of coffee beans increased substantially.
Coffee prices hit a 10-year high, rising more than any other commodity this year
That is inflation. But Starbucks et al are evil, I guess, for being profitable businesses.
As far as increasing profits in 2021, what were the profits in 2020? It's easy to have big increases from a bad baseline.
As to inflation, the price of coffee beans increased substantially.
Coffee prices hit a 10-year high, rising more than any other commodity this year
That is inflation. But Starbucks et al are evil, I guess, for being profitable businesses.