Quote:
Originally Posted by dewilson58
Look past the headlines:
Excluding the impact of net unrealized gains on equity securities in 2023 and net unrealized losses on equity securities in 2022, net earnings for the fiscal year ended Dec. 30, 2023 would have been $4.1 billion, compared to $4 billion in 2022, an increase of 1%.
Does that make you feel better???
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See........ this is how people try to justify billionaire corporations being billionaire corporations. Lifted from Publix corporate website:Net earnings for the fiscal year ended Dec. 30, 2023 were $4.3 billion, compared to $2.9 billion in 2022, an increase of 49%.
A savvy accounting firm could create a spreadsheet that showed you Publix was damn near bankrupt!!!
