That's because you're calculating the percentage wrong.
The relevant percentage isn't against sales but against profits. Home Depot has a profit margin of around 10%, so it would be $719,548 against $100M in profit, or 0.7%.
If you can increase profits by nearly a full percentage point that's huge. That's how companies grow, after all -- a percent here, a percent there, and all these little things are what make the stock price grow.
Sure it's a "lot of work". That's what companies do. If it were easy we'd all be billionaires.
So you're claiming they just like upsetting customers and spending money to stop theft for the hell of it? I suppose we should trust some rando on hackernews over the people running the business. Yeah.... hmmmmm
crazygringo|4 years ago
The relevant percentage isn't against sales but against profits. Home Depot has a profit margin of around 10%, so it would be $719,548 against $100M in profit, or 0.7%.
If you can increase profits by nearly a full percentage point that's huge. That's how companies grow, after all -- a percent here, a percent there, and all these little things are what make the stock price grow.
Sure it's a "lot of work". That's what companies do. If it were easy we'd all be billionaires.
CountDrewku|4 years ago