“Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what’s actually driving food prices higher in this country.”
Before the bread price fixing scandal broke, if anyone had asked Galen if they were manipulating the price of bread, he would have shown this same level of deflection and never admitted in a million years what they were doing. If we asked now if there were any other price fixing scandals waiting to be discovered, they’d deny and deflect regardless of the truth.
Now he just wants us to trust him, and take him at his word? This billionaire has given everyone zero reasons to trust him, and many reasons to do the opposite.
100% with you.
I’d like to hear him deliver a detailed analysis of how sky rocketing food prices has no bearing on Loblaws record setting corporate profits.
Him explaining
Tbh if he had to try anywhere near that hard to deflect, that would be an improvement in and of itself. As it is, the 2 major parties aren’t gonna do shit about them even if they straight up said they’re trying to maximise profits at the expense of the common Canadian.
Liberals and Cons are just 2 sides of the same shitty coin. Unfortunately a ton of Canadian’s think voting for the NDP is “socialism” and it doesn’t help that Singh doesn’t seem to be particularly popular.
The unfortunate state of Canada really fucking sucks.
What an entitled, lying PoS. We’ve seen his company’s quarterly results. We’re not all as stupid as he thinks we are
Um they literally price fixed bread for how many years
20+ last I checked.
Edit: 14 officially.
Edit 2: Fuck yourself, Galen.
And lied about it
“Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what’s actually driving food prices higher in this country.”
Food prices first soared above headline inflation starting in December 2021, rising as much as 11.4 per cent annually, according to Statistics Canada. February marked the first time since then that the price of food purchased from grocery stores (2.4 per cent increase year-over-year) fell below headline inflation (2.8 per cent.)
LOBLAW 2024 FIRST QUARTER HIGHLIGHTS Revenue was $13,581 million, an increase of $586 million, or 4.5%. Retail segment sales were $13,290 million, an increase of $555 million, or 4.4%.
Absolutely fuck this waste of air.
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Net earnings available to common shareholders of the Company were $459 million, an increase of $41 million or 9.8%
Do you think their profit margin is shrinking here?
I don’t think the person you’re replying to is defending Loblaws, just saying we need to look at the right numbers to correctly call bullshit.
Here,
The company’s quarterly profit was $459 million, marking a 9.8 per cent increase.
Source: https://www.cbc.ca/news/business/loblaw-q1-revenue-boycott-1.7190272
Loblaws literally just announced their quarterly results which included a 9.8% increase in profit year over year. Unless they are claiming that the incrsased profit comes from goods that aren’t food then Weston is lying through his teeth.
Unfortunately for consumers the company cares about their shareholders first and don’t give a shit about those who can’t afford to eat.
His family is worth 8.7 billion dollars, but yeah, he’s not gouging us? sure buddy.
Luckily, this is still a free country and we don’t need a reason for shopping elsewhere.
When Pierre Poilievre is elected with his Loblaws lobbyist employee, he might force us to shop at Loblaws. For freedom.
I’m convinced the cons don’t actually want to win. Pierre Poilievre is gotta be the snobbiest, most arrogant, most unlikable, wet sandwich of a man I’ve ever seen. Every election they find one worse than the last to run against JT. I can’t even remember that last couple, since they toss em off a cliff once they lose
Are you not aware of how insanely popular PP is right now? I agree he is a piece of shit, but he is polling very high
He is almost certainly going to be the next PM at this rate, which is a scary thought…
Where the hell is the ndp anyways? I feel like they’re hiding in a corner somewhere
Weston also says that while shareholders “may be troubled by these often-repeated stories,” the grocery retailer “has and will continue to act with integrity.”
I can see his heart is in the right place.
Also not responsible for huge profits, I guess?
As a retail employee at loblaws, don’t believe any of us who say it’s not a problem and the profits aren’t obscene. They offer stock options as a perk - So those doing it as a bored get out of the house option are essentially bought
I guess I’ll just boycott harder then.
I don’t believe that honestly.
Rope is the solution for this typa parasite.
Galen can kiss every inch of my beautiful behind. Fuck him and his castle.
