• 0 Posts
  • 12 Comments
Joined 1 year ago
cake
Cake day: July 4th, 2023

help-circle





  • Apparently, at least for groceries, there’s an estimated extra $700/year increase next year, with food costs slowing to 2.5-4.5% increases in general, but sticking at 5-7% for bread, vegetables, and meat. It’s still going to cost an average 4-person family $16.3k a year for groceries, though (AKA just over half a full-time minimum-wage salary, prior to paying taxes).

    Metro reported a 14% increase in profits for their last quarter compared to last year, and Loblaw’s 11%. According to Google’s earning statements of the last year, Metro has made 27.4% more profits in the last four quarters than they reported in 2020. Loblaws, on the other hand, is actually down 12%, though Google reports they had two really bad quarters this year, and posted a 40% increase in profits between FY 2022 and 2020. So yeah, nothing as egregious as the article, but they’re still outpacing (year over year for the last quarter) both regular and grocery inflation.

    I’m sure if I really wanted to, I could dig up the same financial information for Soebys, but I have no clue if Walmart and Costco would keep clean financials readily available for Canada.



  • I’ve heard that and decided to look myself. According to their fundraising report for fiscal year 2021/22, they received $165.2m from 13m people. Removing “major gifts,” $20.8m (only 18,000 people), it comes out to a bit over $11 per person. Additionally, they got $13.5m to their trust, the Wikimedia Endowment (average donation of $13.91/person). So definitely, most of their income comes from small donations.

    As to whether they need it, according to their FY 21/22 financials statement, they’re sitting on $198m in assets ($51m of which is cash), with an additional $52m they can’t touch because they’re long-term investments. However, their expenditures made up $154m. In total, they’re reporting they netted $8m last year for additional assets, but assuming that everyone stopped donating, Wikipedia would probably die in a year, even with liquidation of short-term assets.