What was the (net) profit margin for Walmart in the most recent quarter for which I can fund data? In other words, for every $100 of goods that Walmart sells, how much profit do they “take home?” My bet is that if you asked a typical person they would think the number would be very high – something like $20, perhaps more. So, how much out of a $100 do they actually take home?
Not $20, but rather $2.91. In other words, for every hundred dollars of goods sold by Walmart, they “keep” $2.91.
For some perspective, I just got back from buying a few small things from my local Walmart. While today I spent only a few dollars, consider “who gets what” when I spend $100 there. While I have no idea who gets paid what, when I look at my sales receipt I can surely see how much “society” gets when I buy $100 of goods from Walmart. Before I mention the data, note that the closest Walmart to where I live has located a few hundred yards from my home county of Monroe (in Ontario County) where sales tax rates are a little lower. So, on my bill, the total amount of sales tax collected was 7.5%, broken up as 4% for New York State and 3.5% for Ontario County.
Let’s recap. As a consumer buying $100 worth of goods from Walmart:
- The government of Ontario County gets $3.50.
- The government of the State of New York gets $4.oo.
- Walmart itself gets $2.92.
But hey, neither Walmart nor you “built that.” We’ll have more to say about “You didn’t build that,” sometime next week. Have a great weekend.
2.9%? I am astounded that it is that high! I would have been sure that it was less than 1%.
My family was in the grocery business. 1-2% were the net margins. I would have thought that with a more competitive landscape, Wal-Mart’s volumes, and their prices, they would have been tighter margins. I guess their operations are that efficient.
The juxtaposition certainly makes the comparison stark. In fact, it could be even “worse” if you considered how much UR paid you — and how much of that went to Monroe, New York, or the Federal Government — to fund your $3 contribution to Walmart. Outrageous!
And of course that’s just the sales taxes. You didn’t even delve into corporate income taxes (state & fed) real estate taxes, etc.
It’s the same deal with gasoline. Government entities confiscate far more in taxes than oil companies realize in profits.
As a caveat, some of what Walmart sells nowadays isn’t taxable most places. I think I read that Walmart is now the largest grocer in America. Food and clothing are usually tax free.
I’d like to see how Walmart’s tax liability compares to others, like Amazon or Apple or …
381734 733892Wonderful internet site, determined several something completely new! Subscribed RSS for later, aspire to see much more updates exactly like it. 272959
812251 495835Today, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is entirely off topic but I had to share it with someone! 375756
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
691722 924590Some times its a discomfort inside the ass to read what weblog owners wrote but this internet site is really user genial ! . 817905
942188 7702271 can undertake all sorts of advised excursions with assorted limousine functions. Various offer wonderful courses and many can take clients for just about any ride your bike over the investment banking region, or even for a vacation to new york. ??????? 647186
13995 685835I like this web site really much, Its a rattling nice location to read and get information . 537195
143900 608607so considerably amazing info on here, : D. 416248
989028 492863I truly appreciated this gorgeous weblog. Make confident you keep up the great work. Very best Regards . 251312
515337 280436This web site is often a walk-through for all of the understanding you wanted concerning this and didnt know who ought to. Glimpse here, and youll totally discover it. 768303
553220 135985The the next time I just read a weblog, I actually hope that this doesnt disappoint me approximately brussels. Get real, Yes, it was my option to read, but I truly thought youd have some thing intriguing to say. All I hear is typically a couple of whining about something that you could fix when you werent too busy looking for attention. 11971
246590 954740Ill create a hyperlink to the internet page about my individual weblog. 419749
603824 759866quite nice post, i surely enjoy this fabulous web site, persist with it 593217
53831 959796If running proves to be a issue then it might be wise to locate alternative exercises such as circuit training, weight training, swimming or cycling. 447843
533575 733609A thoughtful insight and concepts I will use on my web site. Youve obviously spent some time on this. Congratulations! 454616
129395 706786There couple of fascinating points at some point in this posting but I dont determine if these people center to heart. There is some validity but Let me take hold opinion until I check into it further. Excellent write-up , thanks and then we want far more! Combined with FeedBurner in addition 136277
17651 748343Hey! Do you use Twitter? Id like to follow you if that would be ok. Im certainly enjoying your weblog and appear forward to new updates. 276488