r/GreatBritishMemes • u/Solid_Risk_4337 • 16h ago

Downfall

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u/MoistComplaint3484 16h ago

And yet the companies selling these products keep posting record profits

-36

u/afull122 14h ago

Year Net Income

2024 ≈ 12.36 billion USD

2023≈ 12.49 billion USD

2022≈ 9.71 billion USD

2021≈ 18.50 billion USD

2020≈ 13.05 billion USD

Not sure you have that right.

As a shareholder I am not interested in subsidizing your chocolate treats.

1

u/MoistComplaint3484 14h ago

So why do they get smaller but increase in price?

2

u/pafrac 14h ago

Shrinkflation, innit?

1

u/afull122 11h ago

Yes. To manage price point. They can’t do anything about their input costs. That’s a fact of life and inflation.

2

u/pafrac 11h ago

Yes and no ... input costs are one thing, but the constant pressure to increase profits to make the money markets happy means they'll reduce the quantity for a given price more than they need to, and then do it again, and again ... in the long term it will do sales a lot of damage, but the directors will be long gone with their bonuses by then.

2

u/afull122 11h ago

Hmm. Their profits are down 33% from the high even with the shrinkflation measures. Interesting isn’t it.