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HailHailtoMichigan!
Michigan Fan
Trabuco Canyon, CA
Member since Mar 2012
39549 posts

For those of y'all who hate Walmart, read these facts and savor them
I know it's cool to hate on walmart and to act like a "concerned citizen" regarding what the company does to society, etc but here is one sobering, amazing fact:

quote:

Over a typical 31-day period like the month of March for example, Walmart generates about $40.5 billion in sales revenue (roughly $1.3 billion per day). To generate that amount of sales, it costs Walmart about $39.3 billion every 31 days to pay for all of its expenses: merchandise to stock its stores, shipping expenses, the cost of labor including fringe benefits, utilities, corporate income taxes, property taxes, payroll taxes, interest expenses, advertising, etc. After incurring all of those costs to provide the merchandise for consumers over a 31-day period, there’s about $1.26 billion left over for profits, which is also 3.12% of the $40.5 billion in sales revenue.

quote:


Think about Walmart’s 3.12% profit margin this way: For the first 30 days of every 31-day month, 100% of the sales revenue collected during that 30-day period (about $39 billion) go entirely towards paying Walmart’s monthly operating expenses: the costs of merchandise, labor, taxes, etc. In other words, it takes 30 days of sales during every 31-day period for Walmart to cover its costs and break even. Only on the last day of every 31 day period, after finally breaking even the previous day, does any of the sales revenue generated by Walmart go to its profits. Finally, on the 31st and final day of a month like March, the retailer’s daily sales of $1.3 billion become the company’s monthly profits (3.12% of sales for the month).


Contrast that with super cool, super awesome, super compassionate apple!!

quote:

In contrast, Apple’s whopping 24.2% profit margin means that the company can typically cover its costs to operate for 31 days in a little more than three weeks (23.5 days) and it then usually has 7.5 “profit days” every 31 days. That is, for more than an entire week every month, all of the sales revenue collected by Apple during those 7.5 days turns into profits for Apple’s shareholders.


Educate yourselves!


TexAgChill
Texas A&M Fan
Member since Mar 2015
2450 posts

re: For those of y'all who hate Walmart, read these facts and savor them
You'd be amazed at what we can role into expenses.


TigahJay
Maryland Fan
New Orleans
Member since Sep 2015
2793 posts

re: For those of y'all who hate Walmart, read these facts and savor them
Grocery store selling cheap shite from China isn't as profitable as a tech company. Who knew?


Spock's Eyebrow
LSU Fan
Member since May 2012
9899 posts

re: For those of y'all who hate Walmart, read these facts and savor them
Has there ever been a more amazing product than the iPhone?


Macbeth
Member since Jun 2017
164 posts

re: For those of y'all who hate Walmart, read these facts and savor them
I used to put all kinds of personal stuff in my expense account. Probably made an extra 30 grand a year that way.


FearTheFish
LSU Fan
Member since Dec 2007
1842 posts

re: For those of y'all who hate Walmart, read these facts and savor them
Walmart also saves a ton of money by paying women much less than men.


NCCAOKIUNHLSU
Navy Fan
CenLa
Member since Jun 2017
26 posts

re: For those of y'all who hate Walmart, read these facts and savor them
EBT and SNAP count as revenue now?


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127
Brosef Stalin
LSU Fan
Member since Dec 2011
21290 posts

re: For those of y'all who hate Walmart, read these facts and savor them
The tech company uses cheap third world labor to make their product. Walmart has to at least pay minimum wage to all their cashiers, shelf stockers, etc.


CajunAlum Tiger Fan
LSU Fan
The Great State of Louisiana
Member since Jan 2008
6830 posts

re: For those of y'all who hate Walmart, read these facts and savor them
That's a really dumb way to describe a business.


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278
skullhawk
LSU Fan
My house
Member since Nov 2007
11469 posts

re: For those of y'all who hate Walmart, read these facts and savor them
This should be no surprise. Wal Mart's mark up on products is razor thin. That's how the model works and why the mom and pops can't compete.


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411
BigPerm30
Chicago Cubs Fan
Member since Aug 2011
8675 posts

re: For those of y'all who hate Walmart, read these facts and savor them
Just think. They'd never turn a profit if the government didn't subsidize their work force with benefits. frick Walmart. Pay your workers living wages and let them work more than 39 hours so tax payers don't have to pick up their insurance, etc.


tigerpimpbot
LA-Monroe Fan
Florida board
Member since Nov 2011
48842 posts

re: For those of y'all who hate Walmart, read these facts and savor them
So Apple stock is still a buy? Amazing


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30
jimbeam
USA Fan
University of LSU
Member since Oct 2011
45774 posts
 Online 

re: For those of y'all who hate Walmart, read these facts and savor them
Urea fertilizer


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10
jdeval1
LSU Fan
Member since Dec 2009
5380 posts

re: For those of y'all who hate Walmart, read these facts and savor them
I bet Walmart hates February


HailHailtoMichigan!
Michigan Fan
Trabuco Canyon, CA
Member since Mar 2012
39549 posts

re: For those of y'all who hate Walmart, read these facts and savor them
quote:

Has there ever been a more amazing product than the iPhone?
No, there hasn't been, but you are still getting bilked when you buy it, considering the costs of producing it.


BigPerm30
Chicago Cubs Fan
Member since Aug 2011
8675 posts

re: For those of y'all who hate Walmart, read these facts and savor them
quote:

bet Walmart hates February


You saying those Arkansas folks are racist because it's black history month?


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1212
baybeefeetz
LSU Fan
Member since Sep 2009
23586 posts

re: For those of y'all who hate Walmart, read these facts and savor them
I wonder what percentage of shite sold in both stores is made in China.

Think of how amazing life would be if all those jobs were here.

But then again Wal Mart wouldn't exist.


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44
iAmBatman
USA Fan
The Batcave
Member since Mar 2011
7224 posts

re: For those of y'all who hate Walmart, read these facts and savor them
This is fricking stupid.

So Apple is better at making money than Walmart...I still hate Walmart for abusing corporate welfare, having shitty employees, and trashy customers. Their ability (or lack there of) to make a profit doesn't mean I'm going to start shopping there.


Salmon
USA Fan
On the trails
Member since Feb 2008
56278 posts

re: For those of y'all who hate Walmart, read these facts and savor them
I don't know what I'm supposed to do with this fact

Maybe WalMart should learn to run more efficiently?


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95
HailHailtoMichigan!
Michigan Fan
Trabuco Canyon, CA
Member since Mar 2012
39549 posts

re: For those of y'all who hate Walmart, read these facts and savor them
quote:

So Apple is better at making money than Walmart.
They are better at price gouging customers.

A 24% profit margin is thievery.


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