The crafty ‘ker, sainsburies boss, points to slight fall from 2021 to 2022 profits, but avoids the infinite increase in profit they made comparing 2020/2021 to 2021/2022, went from a loss of £ -201 million to a profit of £ 854 million… so an infinite increase in profit!
And that was the year the supermarket price gouging went into overdrive! Lead in my opinion and observation by morrissons after takeover by international corporat-king investment fund.
https://www.statista.com/statistics/386446/sainsburys-profits-united-kingdom-uk/
And if the bbc was a news organisation and not simply a propaganda outlet for the wef’s current thing and the corporat-king, they would have shown the same clucking graph in their so called “news” story about supermarket price gouging.
The only competition supermarkets are currently engaged in, is who can gouge their ordinary customers the most! Sainsburies now picked up on tesco’s “club card price” marketing method.
Don’t get me wrong, I like sainsburies and morrissons and even tesco, and the tesco graph masks their big profit increases as they make so much profit anyway, in the billions where sainsburies are in the millions, and tesco have banking and mobile phones and stuff. But they increased profits quite a lot last two years, nearly £ 4 billion pounds extra profit each of last two years. But you cannot see the supermarket profitability which may look like sainsburies graph. And of course sainsburies acquisition of argos may have contributed.
https://www.statista.com/statistics/490931/tesco-group-finance-revenue-united-kingdom-uk/
