Comment on Walmart's use of digital price tags signal the future of retail shopping, but consumers are worried
TachyonTele@lemm.ee 4 weeks agoGross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.
cygnus@lemmy.ca 4 weeks ago
Yes, but there are many more expenses associated with running their business beyond simply COGS. Their net income last year was 11B, which is pretty average for a company that size.
TachyonTele@lemm.ee 4 weeks ago
I’ll be completely honest. I don’t care anywhere near enough about the actual number that you do. I looked it up, and that was that. I didn’t write a financial report.
cygnus@lemmy.ca 4 weeks ago
I dislike that you’ve put me in the position of defending Walmart, but don’t you find it rather misleading to imply that they made 163 billion dollars in profit when the real number is less than 10% of that?
TachyonTele@lemm.ee 4 weeks ago
Have a good one