48 ms·

Please don't make up stuff on HN - if you don't have something accurate to share or if it wouldn't support your point please still avoid making things up. Walm

Please don't make up stuff on HN - if you don't have something accurate to share or if it wouldn't support your point please still avoid making things up. Walmart's profit margin is generally 2-3% and is generally $10 - $20B per year. [1] And if Walmart were making $100B, the comp for their CEO be far from a major expense to the corp. [1] - https://finance.yahoo.com/quote/WMT/financials/ https://finance.yahoo.com/quote/WMT/financials/

shuntress 5y ago
I think you might be missing the part that says "All numbers in thousands" on that table you've linked.
- fpig 5y ago
  No he isn't.
  - shuntress 5y ago
    I think you might be misunderstanding what "All numbers in thousands" means on that table she linked. EDIT: To be clear, Walmart's revenue in 2020 was 559 Billion with a B[0]. We can see on that table[1] that if we take the values listed in the "Total Revenue" row (559 Million with an M, 523 Million with an M, etc) and multiply them by 1,000 according to the directions ("All numbers in thousands") on the chart that we get a result which aligns with reality. To be even more clear, we can take the values listed in the "Gross Profit" row, multiply by 1,000 as instructed by the directions, and see that yes Walmart's annual *gross profit* is ~130B 138,836,000 * 1,000 = 138,836,000,000 [0]https://www.forbes.com/sites/shelleykohan/2021/02/18/walmart-revenue-hits-559-billion-for-fiscal-year-2020/ https://www.forbes.com/sites/shelleykohan/2021/02/18/walmart... [1]https://finance.yahoo.com/quote/WMT/financials/ https://finance.yahoo.com/quote/WMT/financials/
    - fpig 5y ago
      Why are you trolling on HN? Edit: yes, Walmart's revenue is 500+ billion. What does that have to do with anything discussed here? temp667's comment is correct. Edit 2: first you didn't understand what "revenue" is, now you don't understand what "gross profit" is.
    - incrudible 5y ago
      You're looking at the wrong number. See how it says "Operating Expenses" right below "Gross Income"? You're going to need to subtract that, then you're at operating income. Subtract operating income expenses and you're at pre-tax income. Subtract the tax and then you have what you might actually consider "profit". It's less than 10% of your original figure.
      - shuntress 5y ago
        Thank you for actually helping!

shuntress 5y ago

I think you might be missing the part that says "All numbers in thousands" on that table you've linked.

fpig 5y ago
No he isn't.
- shuntress 5y ago
  I think you might be misunderstanding what "All numbers in thousands" means on that table she linked. EDIT: To be clear, Walmart's revenue in 2020 was 559 Billion with a B[0]. We can see on that table[1] that if we take the values listed in the "Total Revenue" row (559 Million with an M, 523 Million with an M, etc) and multiply them by 1,000 according to the directions ("All numbers in thousands") on the chart that we get a result which aligns with reality. To be even more clear, we can take the values listed in the "Gross Profit" row, multiply by 1,000 as instructed by the directions, and see that yes Walmart's annual *gross profit* is ~130B 138,836,000 * 1,000 = 138,836,000,000 [0]https://www.forbes.com/sites/shelleykohan/2021/02/18/walmart-revenue-hits-559-billion-for-fiscal-year-2020/ https://www.forbes.com/sites/shelleykohan/2021/02/18/walmart... [1]https://finance.yahoo.com/quote/WMT/financials/ https://finance.yahoo.com/quote/WMT/financials/
  - fpig 5y ago
    Why are you trolling on HN? Edit: yes, Walmart's revenue is 500+ billion. What does that have to do with anything discussed here? temp667's comment is correct. Edit 2: first you didn't understand what "revenue" is, now you don't understand what "gross profit" is.
  - incrudible 5y ago
    You're looking at the wrong number. See how it says "Operating Expenses" right below "Gross Income"? You're going to need to subtract that, then you're at operating income. Subtract operating income expenses and you're at pre-tax income. Subtract the tax and then you have what you might actually consider "profit". It's less than 10% of your original figure.
    - shuntress 5y ago
      Thank you for actually helping!