[OC] How Walmart makes money (they just released earnings for the fiscal year ending January 31)IncomeStatementGuy OP t1_j9f0ooa wrote
Reply to comment by Shadowtirs in [OC] How Walmart makes money (they just released earnings for the fiscal year ending January 31) by IncomeStatementGuy
Agree - their net income looks even tinier in the visual because it's just 2% of revenue.
But its 11 billion dollars.
Achillies2heel t1_j9f5c18 wrote
Welcome to traditional retail... Terrible margins. Walmart is huge though. Perspective
surmatt t1_j9ieezh wrote
Kinda blows me away how high their COGS is. Every retailer I sell to aims for 40% gross margin.
Dracovius1988 t1_j9iglg2 wrote
Walmarts business model is to run prices suicidally low and strong-arm the competition with volume.
EssaySimple5581 t1_j9maxkj wrote
Also there is alot of operation cost that they profit from through subsidiaries. This chart is desgned to make it look like it makes less money than it actually does
Shadowtirs t1_j9f103x wrote
Yeah I just saw that too funny enough. Even still though, 11 billion dollars I mean even with just conservative investment compound interest alone would generate such wealth. And this is off one year.
The amounts of money is so staggering.
csjerk t1_j9hmawe wrote
That amount of money, invested, would generate incredible wealth _because_ you would be putting it in stocks of companies like this.
SamFish3r t1_j9gpyql wrote
Need to see target and Costco as well
Im_homer_simpson t1_j9hot7x wrote
They also got 5 billion in membership fees from Sam's club.
Prime_Millenial t1_j9hxrp3 wrote
They have Walmart plus too, so most is probably Sams Club but not all.
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