• @Sauerkraut@discuss.tchncs.de
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    104 months ago

    Slim profit margins my ass. Walmarts gross profit for the twelve months ending July 31, 2024 was $163.786B,

    Walmart has 10.5k locations. 163B divided by 10.5K is about $15.6M per location.

    Jesus, in what world is $15M profits per store location considered a “slim margin”?

    • @unconfirmedsourcesDOTgov
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      54 months ago

      “Gross profit” is a meaningless number in this context. Their net income was $15.5B. If you do the same math to try to determine profit per location, ($15.5B/10500) it’s about $1.48M. Not bad, but still about 90% lower than your estimate.

      Since I was already estimating seemingly random profit ratios, I also looked at their profit per employee, which came out to $7380/person ($15.5B/2.1M employees).

      Unfortunately these numbers are also inclusive of, for example, Walmart’s e-commerce program, so calculating the profit per location doesn’t indicate anything meaningful to me, though I’m morbidly curious about what insights you are hoping to get from it?