Inflation is forcing Groceries to replace fast food and restaurants.
Each week, approximately 240 million customers and members visit approximately 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Nov 16, 2023
Amazon annual revenue for 2023 was $574.785B, a 11.83% increase from 2022. Amazon annual revenue for 2022 was $513.983B, a 9.4% increase from 2021. Amazon annual revenue for 2021 was $469.822B, a 21.7% increase from 2020.
Costco revenue for the twelve months ending February 29, 2024 was $248.828B, a 6.16% increase year-over-year. Costco annual revenue for 2023 was $242.29B, a 6.76% increase from 2022. Costco annual revenue for 2022 was $226.954B, a 15.83% increase from 2021.
Kroger annual revenue for 2024 was $150.039B, a 1.2% increase from 2023. Kroger annual revenue for 2023 was $148.258B, a 7.52% increase from 2022. Kroger annual revenue for 2022 was $137.888B, a 4.07% increase from 2021.
Publix's sales for the fiscal year ended Dec. 30, 2023, a 52-week year, were $57.1 billion, a 4.7% increase from $54.5 billion in 2022, a 53-week year. Excluding the additional week in 2022, sales for 2023 would have increased 6.7%. Mar 1, 2024
McDonald's generated a total revenue of 25.49 billion U.S. dollars in 2023. In that year, when looking at McDonald's revenue by region, the country that generated the highest portion of revenue was the United States - accounting for 10.38 billion U.S. dollars. Mar 19, 2024
Chipolte revenue $9.9 billion. Results for the full year
ended December 31, 2023:Total revenue for 2023 was $9.9
billion,
an increase of 14.3% compared to 2022. Feb 6, 2024
Burger King's annual revenue is $2.3B. Zippia's data science team found the following key financial metrics about Burger King after extensive research and analysis. Burger King has 34,248 employees, and the revenue per employee ratio is $68,200. Burger King peak revenue was $2.3B in 2023.
Taco Bell's revenue is $2.0 billion. Taco Bell has 175,000 employees, and the revenue per employee ratio is $11,360. Taco Bell peak revenue was $2.0B in 2023.
White Castle's revenue is $720.6 million. White Castle has 10,000 employees, and the revenue per employee ratio is $72,060. White Castle peak revenue was $720.6M in 2023.
Krystal revenue in 2022 was $353 million, declared bankruptcy in 2020 and was sold to Fortress Investment. They have 500 stores.
Comments
Prior to the passage of the Fair Labor Standards Act of 1938, most children completed 8th grade and were better educated than our children are today. The Child Labor provisions allowed children to work at age 16, but limited their hours per week during the school year. The Minimum Wage was set at 25 cents per hour in 1938.
Teenagers worked in retail stores and restaurants after school and as summer jobs. They could drive cars at age 16 and many parents provided cars for teenagers to drive to school and to work. By 1950, the US minimum wage was 75 cents per hour. By 1968, the minimum wage was $1.60 per hour. By 1980, the minimum wage was $3.10 per hour. In 2009, the minimum ware was $7.25 per hour.
Teen unemployment is 10% and over half the States are moving their State Minimum Wage up to $10 to $20 per hour. This will cause layoffs and drive teen unemployment up. K-12 Public Schools are failing to teach reading, writing and math. Our kids need to build their work skills or our US economy is doomed.
Inflation will encourage consumers to cut back on fast food, restaurant meals and retail dry goods and we have just allowed over 10 million illegals into the US who are looking for jobs. Our current attempts to automate retail like self-checkout are failing. AI will reduce the number of clerical jobs as it integrates enterprise-wide software systems.
Norb Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment