He noted to the media during his results presentation that, as inflation bites, he expects sales to remain strong but margins to come under pressure as consumers look for a bargain.
"Another after effect from COVID has been the persistent supply chain issues that companies are facing, and we saw companies like City Chic, Lovisa and Supercheap Auto responding to those supply chain difficulties by investing more in inventory," he observed. Woodside tripled its dividend payout to $US1.09 and BHP also delivered for shareholders with a $US1.75 per share payment.Fortescue Metals Group cut its dividend by 43 per cent, to $1.21."The banks are also meeting investors with lower payout ratios.
Well ,Phillip Lowe,theres your answer to the inflation crisis. Leave us consumers alone.
So they say. It wasn't supposed to be this rosy. But, it is.
Imagine getting untold millions in taxpayer dollars and a captive audience for 2 years... And not having record profits. HardlyNews
Corporations: Let's celebrate the growth of our wealth in a time of great income inequality and a cost of living crisis!
it's tough to make profit when nobody can afford to buy your products.
Well at least we know where all the money is going… but we pay We’re blamed for inflation
The rest of us ...
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