Quote:
Originally Posted by CorsiHockeyLeague
Damn. Thanks for the data. That's more info than I would have expected.
I cannot imagine pharmacy accounting for all that much of the increase. Frankly, when people's money gets tight they're less likely to buy vitamins and so forth, it seems to me... also, we just had a couple of years where the rate of cold and flu was massively down. So... yeah, not making much sense there.
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I mean, I'm sure there's some truth in what they're saying. Public companies can't really flat out lie to shareholders about their operations. But at the same time, they don't actually provide any concrete numbers to back up what they're saying.
And also, to be fair, Net Income can be greatly affected by accounting tricks and whatnot. But even just looking at Loblaws' EBITDA (which eliminates most of that), that has gone up about 80% in the last 5 years while revenue has only increased 18%.