Hobby Lobby is an American chain of retail arts and crafts stores founded in 1972 by David Green. Headquartered in Oklahoma City, Oklahoma, it is a privately held company with over 800 stores across the United States. As of August 2018, Hobby Lobby has over 32,000 employees.
Hobby Lobby is profitable. In 2017, the company reported $4.8 billion in revenue and $885 million in net income. This represented a 9% increase in revenue and a 14% increase in net income from the previous year.
The company’s profitability is due to a variety of factors, including its focus on customer service, its commitment to offering low prices, and its strategic expansion into new markets.
Hobby Lobby is a well-run company that has been able to capitalize on the growing popularity of arts and crafts. It is a profitable company that is well-positioned for continued growth in the future.
Is Hobby Lobby profitable?
Yes, Hobby Lobby is profitable.
In 2017, the company reported $4.
