Judd Legum

@JuddLegum ↗

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Last Checked May 4, 2022

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Tue Apr 19 12:45:42 +0000 2022

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Judd Legum @JuddLegum

5. There are many other retailers telling similar stories. If price increases just reflected the increased cost of goods and labor, it would not increase profits. But that's not what's happening. Retailers are using inflation to juice profits https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022

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Judd Legum @JuddLegum

4. @Lowes reported $8.4 billion in profits for its 2021 fiscal year - an increase of $2.6 billion. The company attributed its success to attributed higher margins to "better product pricing relative to costs." In other words, it raised prices https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022

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Judd Legum @JuddLegum

6. This is a choice. A can of @DrinkAriZona is still 99 cents. When the cost of aluminum goes up (it has doubled in the last 18 months) the company just makes slightly less profit. "Consumers don’t need another price increase" https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022