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To: TheZMan; SkyDancer
1. Americans spend $36,000,000 at Wal-Mart Every hour of every day.
2. This works out to $20,928 profit every minute!


$600,000 in revenue per minute equals $21M in profit? That's less than 3.5% profit margin.. That seems extremely low, especially when the bulk of their sales is in non-perishable goods. Most companies are in the 10-20%profit margin range.
16 posted on 08/11/2019 8:45:23 PM PDT by Svartalfiar
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To: Svartalfiar

$21M was a typo I think.

“Most companies are in the 10-20%profit margin range.”

Err, doubtful. 10-20 is ideal, it shows you’re healthy.

$21k per minute = $10,999,756,800 per year, which is still low.

According to https://www.macrotrends.net/stocks/charts/WMT/walmart/gross-profit

“Walmart annual gross profit for 2019 was $129.104B, a 1.7% increase from 2018.”

Using that number, they’re making $245,631 in profit per minute. I think all of the numbers in the OP are suspect at this point.


17 posted on 08/11/2019 9:37:47 PM PDT by TheZMan (I am a secessionist.)
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