4 ms·
You're looking at gross profit, but you really need to look at net income, which averages about $13B. Companies like Wal-Mart generally have low profit margins
by incrudible 6y ago
You're looking at gross profit, but you really need to look at net income, which averages about $13B.
Companies like Wal-Mart generally have low profit margins, because there's not much of a barrier of entry and no valuable brand or intellectual property.