I recognize the impact inflation has on the term, but it varies from store to store and country to country whether it outpaces inflation. Walmart, which this meme is about and a load bearing parasite on the US, maintains growth slightly above inflation. This doesn’t indemnify everyone, or really anyone in particular. It’s pointing out that money is going somewhere in this current era of force-fed infinite growth, but seemingly not to the people who need it most.
To phrase my comment another way, the wealth gap is widening and businesses will do anything but address it, instead complaining about their own impropriety as if it were your fault.
This meme is about self service checkouts which are ubiquitous in my country.
Walmart had an operating profit margin of 4.2% in their last statement, and a net profit margin of 3%.
If you’re looking for someone to blame for widening wealth inequality, profit margins under 5% are not where you’ll find it. Check the facts instead of going on pure vibes - company accounts are public and subject to audit (on pain of huge punishments if wrong - they got Al Capone on tax fraud remember)
Walmart’s gross profit rate was 24.1% of net sales in fiscal 2025, and operating income was $29.348 billion, or 4.4% of net sales.
So for every $100 Walmart keeps $4.40 after paying everything including corporate staff but before taxes.
For Walmart, the “3%” is basically net profit margin for fiscal 2025, Walmart reported $680.985 billion in total revenue and $19.436 billion in net income attributable to Walmart, which is about 2.85%.
3% sounds like nothing but 19.5 billion in profit definitely is but nothing.
Wording it like this is a struggling company is a really…special way to go about this.
I’m not “wording it like” Walmart is struggling; I’m saying that Walmart (and the grocery sector in general) works on razor-thin margins, and trying to ignore that fact by talking about “record profits” is misleading and either stupid or dishonest. I’d encourage you to re-read my comment and try to decide which words made you interpret it that way - I think you’ll find that they aren’t there, that I was just reporting facts in neutral language, and you’ve made that interpretation because I’m going against the narrative.
What a low profit margin means is that if an average shopper buying a $100 basket of goods decides to swipe a $2 chocolate bar, their profits are nearly halved. Problems that seem small have large effects to a company operating like this.
The narrative Lemmy commenters tend to believe is that the cost of groceries went up in the 2020s due to corporate greed and lay the blame for their current struggles at the foot of retailers like Walmart. The actual facts don’t bear that out. They then mock complaints about theft from shops attributed to self-service checkouts as price-gouging fat cats whining that their cost-saving measure isn’t saving them costs, ignoring that, with profit margins relatively steady/down since before the pandemic, those cost savings are being passed on to them, the consumer.
Are the companies in your country currently complaining about theft in massive PR campaigns? Because Walmart is.
And Walmart’s outpaced inflation. Not all of our companies have, but some certainly. Your argument is like asserting that a car couldn’t have run out of gas because it has 90 km/l.
And of course I’m going to blame a company that underpays and abuses its employees as severely as Walmart, while siphoning half of its personnel budget from local taxes.
Not in a massive PR campaign, but yes they are complaining publicly. Retail theft has gone up significantly, with 360k offences in the last year before the pandemic, having fallen for a couple of years from a peak of about 380k, and the most recent year stands at 530k offences.
And by all means, criticise Walmart for their abuses of staff and exploitative practices. But their profit levels are just not part of it. If Walmart were nationalised and stopped making profit and stopped paying its execs as much your $100 grocery bill would still be over $95. Hoo-fuckin-ray.
Yes, most have two separate checkouts on both sides. And also this weird self checkout/belt lane thing. Was just trying to add to the conversation, geez.
I didn’t mean any offense, but I exclusively found dillons in low population cities, which made me question whether they’d have any need for a self checkout.
Even the little corner shop in my town of a couple thousand people has one now. There’s no way that a second full checkout would fit in the space, nor is hiring another staff member to work it likely to be realistic, so it’s a straight upgrade in capacity
Gotta be careful giving dissenting opinions in the black and white world of the internet.
I have no idea what the belt lane thing is and I’m interested. My self checkouts are just the scanner thing, and then you put the items on the scale. The inclusion of a belt is intriguing.
So, its a self checkout screen, then you place your scanned items on a belt that carries it to a bagging area. I think the idea is for the self checkout attendant to then bag the items for you
I fucking hate that belt fed one! They put it in my go to store shortly before I moved close to an aldi and how exactly is it supposed to be helpful? You scan, and it belts it all into a pile at the other end that you then have to walk over and organize. At least the lazy Susan designed ones can let you organise it all into the bags.
Also, I don’t know how their “unexpected item in the bagging area” sensor works but I literally set them off by getting within 10 inches of the bags. When I worked at one years back we literally measured the distance. No contact, no previous errors, tested on two different machines, apparently I produce an aura that makes Dillons bags gain mass.
I recognize the impact inflation has on the term, but it varies from store to store and country to country whether it outpaces inflation. Walmart, which this meme is about and a load bearing parasite on the US, maintains growth slightly above inflation. This doesn’t indemnify everyone, or really anyone in particular. It’s pointing out that money is going somewhere in this current era of force-fed infinite growth, but seemingly not to the people who need it most.
To phrase my comment another way, the wealth gap is widening and businesses will do anything but address it, instead complaining about their own impropriety as if it were your fault.
This meme is about self service checkouts which are ubiquitous in my country.
Walmart had an operating profit margin of 4.2% in their last statement, and a net profit margin of 3%.
If you’re looking for someone to blame for widening wealth inequality, profit margins under 5% are not where you’ll find it. Check the facts instead of going on pure vibes - company accounts are public and subject to audit (on pain of huge punishments if wrong - they got Al Capone on tax fraud remember)
Walmart’s gross profit rate was 24.1% of net sales in fiscal 2025, and operating income was $29.348 billion, or 4.4% of net sales.
So for every $100 Walmart keeps $4.40 after paying everything including corporate staff but before taxes.
For Walmart, the “3%” is basically net profit margin for fiscal 2025, Walmart reported $680.985 billion in total revenue and $19.436 billion in net income attributable to Walmart, which is about 2.85%.
3% sounds like nothing but 19.5 billion in profit definitely is but nothing.
Wording it like this is a struggling company is a really…special way to go about this.
I’m getting my numbers from here: https://stock.walmart.com/financial-information/income-statement I believe the difference in figures is between US and Worldwide, and aren’t different enough to affect the conclusion.
I’m not “wording it like” Walmart is struggling; I’m saying that Walmart (and the grocery sector in general) works on razor-thin margins, and trying to ignore that fact by talking about “record profits” is misleading and either stupid or dishonest. I’d encourage you to re-read my comment and try to decide which words made you interpret it that way - I think you’ll find that they aren’t there, that I was just reporting facts in neutral language, and you’ve made that interpretation because I’m going against the narrative.
What a low profit margin means is that if an average shopper buying a $100 basket of goods decides to swipe a $2 chocolate bar, their profits are nearly halved. Problems that seem small have large effects to a company operating like this.
The narrative Lemmy commenters tend to believe is that the cost of groceries went up in the 2020s due to corporate greed and lay the blame for their current struggles at the foot of retailers like Walmart. The actual facts don’t bear that out. They then mock complaints about theft from shops attributed to self-service checkouts as price-gouging fat cats whining that their cost-saving measure isn’t saving them costs, ignoring that, with profit margins relatively steady/down since before the pandemic, those cost savings are being passed on to them, the consumer.
Are the companies in your country currently complaining about theft in massive PR campaigns? Because Walmart is.
And Walmart’s outpaced inflation. Not all of our companies have, but some certainly. Your argument is like asserting that a car couldn’t have run out of gas because it has 90 km/l.
And of course I’m going to blame a company that underpays and abuses its employees as severely as Walmart, while siphoning half of its personnel budget from local taxes.
https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
https://wallstreetnumbers.com/stocks/wmt/operating-expenses
https://www.macrotrends.net/stocks/charts/WMT/walmart/revenue
Not in a massive PR campaign, but yes they are complaining publicly. Retail theft has gone up significantly, with 360k offences in the last year before the pandemic, having fallen for a couple of years from a peak of about 380k, and the most recent year stands at 530k offences.
And by all means, criticise Walmart for their abuses of staff and exploitative practices. But their profit levels are just not part of it. If Walmart were nationalised and stopped making profit and stopped paying its execs as much your $100 grocery bill would still be over $95. Hoo-fuckin-ray.
I can tell you that Dillons (subdivision of Kroger) is on genuinely razor thin margins, and they at least pay half way decent for the area im in
Then it sounds like I wasn’t referring to Dillons. Do they even have self checkout?
Yes, most have two separate checkouts on both sides. And also this weird self checkout/belt lane thing. Was just trying to add to the conversation, geez.
I didn’t mean any offense, but I exclusively found dillons in low population cities, which made me question whether they’d have any need for a self checkout.
Even the little corner shop in my town of a couple thousand people has one now. There’s no way that a second full checkout would fit in the space, nor is hiring another staff member to work it likely to be realistic, so it’s a straight upgrade in capacity
I’ve only ever found them in the big groceries, personally. Even some of those don’t have self scanners.
Gotta be careful giving dissenting opinions in the black and white world of the internet.
I have no idea what the belt lane thing is and I’m interested. My self checkouts are just the scanner thing, and then you put the items on the scale. The inclusion of a belt is intriguing.
So, its a self checkout screen, then you place your scanned items on a belt that carries it to a bagging area. I think the idea is for the self checkout attendant to then bag the items for you
I fucking hate that belt fed one! They put it in my go to store shortly before I moved close to an aldi and how exactly is it supposed to be helpful? You scan, and it belts it all into a pile at the other end that you then have to walk over and organize. At least the lazy Susan designed ones can let you organise it all into the bags.
Also, I don’t know how their “unexpected item in the bagging area” sensor works but I literally set them off by getting within 10 inches of the bags. When I worked at one years back we literally measured the distance. No contact, no previous errors, tested on two different machines, apparently I produce an aura that makes Dillons bags gain mass.