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>n terms of the government assistance, that is largely unrelated to the employer(s). There is a government program that determines person X is eligible for assi

>n terms of the government assistance, that is largely unrelated to the employer(s). There is a government program that determines person X is eligible for assistance and person X takes advantage of that program. Walmart bears direct responsibility for these laws, they lobby for and write them. Food stamps, renamed SNAP, is a $70+B a year program and 20% is spent at Walmart. Walmart public statement: “Our business operations are subject to numerous risks, factors, and uncertainties, domestically and internationally, which are outside our control. These factors include... changes in the amount of payments made under the Supplemental Nutrition Assistance Plan and other public assistance plans, [and] changes in the eligibility requirements of public assistance plans.”

sokoloff 8y ago
That business risk is primarily related to the fact that consumers using SNAP shop at Walmart, without regard to whether that shopper is a Walmart employee or not. If a consumer shops at Walmart using SNAP and SNAP is reduced or discontinued, that's a revenue risk for Walmart. If the concern of a sub-thread is Walmart lobbying for self-serving programs for general consumers, I agree with that as a concern, but it's no damn different than the epi-pen people arguing to stock epi-pens in schools by policy, the AED manufacturers campaigning to have AEDs installed all around, etc. I thought this sub-thread was concerned with Walmart employees being on government support programs and that being Walmart's problem to alleviate.
- sokoloff 8y ago
  Here is the copy/paste from a Kroger quarterly report, detailing some of its risks: (NB: includes “changes in government-funded benefit programs” as a risk) Kroger's ability to achieve sales, earnings and cash flow goals may be affected by: labor negotiations or disputes; changes in the types and numbers of businesses that compete with Kroger; pricing and promotional activities of existing and new competitors, including non-traditional competitors, and the aggressiveness of that competition; Kroger's response to these actions; the state of the economy, including interest rates, the inflationary and deflationary trends in certain commodities, and the unemployment rate; the effect that fuel costs have on consumer spending; volatility of fuel margins; changes in government-funded benefit programs; manufacturing commodity costs; diesel fuel costs related to Kroger's logistics operations; trends in consumer spending; the extent to which Kroger's customers exercise caution in their purchasing in response to economic conditions; the uncertain pace of economic growth; changes in inflation or deflation in product and operating costs; stock repurchases; Kroger's ability to retain pharmacy sales from third party payors; consolidation in the healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; natural disasters or adverse weather conditions; the potential costs and risks associated with potential cyber-attacks or data security breaches; the success of Kroger's future growth plans; the ability to execute on Restock Kroger; and the successful integration of merged companies and new partnerships. Kroger's ability to achieve sales and earnings goals may also be affected by Kroger's ability to manage the factors identified above. Kroger's ability to execute its financial strategy may be affected by its ability to generate cash flow.

sokoloff 8y ago

That business risk is primarily related to the fact that consumers using SNAP shop at Walmart, without regard to whether that shopper is a Walmart employee or not. If a consumer shops at Walmart using SNAP and SNAP is reduced or discontinued, that's a revenue risk for Walmart. If the concern of a sub-thread is Walmart lobbying for self-serving programs for general consumers, I agree with that as a concern, but it's no damn different than the epi-pen people arguing to stock epi-pens in schools by policy, the AED manufacturers campaigning to have AEDs installed all around, etc. I thought this sub-thread was concerned with Walmart employees being on government support programs and that being Walmart's problem to alleviate.

sokoloff 8y ago
Here is the copy/paste from a Kroger quarterly report, detailing some of its risks: (NB: includes “changes in government-funded benefit programs” as a risk) Kroger's ability to achieve sales, earnings and cash flow goals may be affected by: labor negotiations or disputes; changes in the types and numbers of businesses that compete with Kroger; pricing and promotional activities of existing and new competitors, including non-traditional competitors, and the aggressiveness of that competition; Kroger's response to these actions; the state of the economy, including interest rates, the inflationary and deflationary trends in certain commodities, and the unemployment rate; the effect that fuel costs have on consumer spending; volatility of fuel margins; changes in government-funded benefit programs; manufacturing commodity costs; diesel fuel costs related to Kroger's logistics operations; trends in consumer spending; the extent to which Kroger's customers exercise caution in their purchasing in response to economic conditions; the uncertain pace of economic growth; changes in inflation or deflation in product and operating costs; stock repurchases; Kroger's ability to retain pharmacy sales from third party payors; consolidation in the healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; natural disasters or adverse weather conditions; the potential costs and risks associated with potential cyber-attacks or data security breaches; the success of Kroger's future growth plans; the ability to execute on Restock Kroger; and the successful integration of merged companies and new partnerships. Kroger's ability to achieve sales and earnings goals may also be affected by Kroger's ability to manage the factors identified above. Kroger's ability to execute its financial strategy may be affected by its ability to generate cash flow.