Swoldemort on Nostr: We have been raising prices non-stop since 2020. All 100% to battle increased input ...
We have been raising prices non-stop since 2020. All 100% to battle increased input costs (gross margins have still dropped from 42% to 35% and net margins from 8% to 4%). Since Q3 2023 we have only increased pricing slightly, due to (finally) flattening labour costs and flattening net margins. Sentiment is ugly - business is less profitable, labour force feels financially "ok" (not "good"), and revenue forecasts are flat at best.
Published at
2024-09-03 15:30:05Event JSON
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"content": "We have been raising prices non-stop since 2020. All 100% to battle increased input costs (gross margins have still dropped from 42% to 35% and net margins from 8% to 4%). Since Q3 2023 we have only increased pricing slightly, due to (finally) flattening labour costs and flattening net margins. Sentiment is ugly - business is less profitable, labour force feels financially \"ok\" (not \"good\"), and revenue forecasts are flat at best.",
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