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I’m surprised the two lowest ones are Subway and Starbucks. Where’s the $5 foot long? And I guess Starbucks has always been expensive so $6 for a coffee isn’t much of an increase from what it was.
The $5 footlong hasn't existed for years (honestly maybe a decade) at this point. It's like a $10 footlong now.
Does every thread have to include a reminder of how old I am? I remember living life $5 at a time.
Yup, me too. I used to be able to get lunch for a week with $20 back in high school in the mid-late 2000's. Almost everywhere had a dollar menu where you could get a pretty decent meal for a few bucks. Over time the portions got smaller and more expensive though to the point where you can't really do that anymore.
I was surprised too, but then I found this vvv. This people are making 25 billion profit which now makes sense for the comparatively low percentage
https://www.macrotrends.net/stocks/charts/SBUX/starbucks/gross-profit
- Starbucks gross profit for the quarter ending March 31, 2024 was $5.914B, a 0.06% decline year-over-year.
- Starbucks gross profit for the twelve months ending March 31, 2024 was $25.104B, a 8.86% increase year-over-year.
- Starbucks annual gross profit for 2023 was $24.567B, a 12.01% increase from 2022.
- Starbucks annual gross profit for 2022 was $21.933B, a 7.93% increase from 2021.
- Starbucks annual gross profit for 2021 was $20.322B, a 28.43% increase from 2020.
i remember when starbucks first opened, dunkin donuts was selling plain black coffee for 10 cents a cup.