Are 'gravity-defying' profit margins finally coming to an end? 💸
Arguably the most remarkable corporate trend of the pandemic 🤯
Goldman Sachs analysts recently reiterated their expectation for S&P 500 companies to set a record high for net profit margins in 2022. It’s a surprising view that Wall Street has actually held for months.
How has this been possible? 🤨
Companies pulled this off by passing off those rising costs to their customers through higher prices, a phenomenon we were reminded of in last week’s hotter-than-expected consumer price index report.
But there certainly could’ve been more push back.
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