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(CNBC)   Walmart profits dropped in the 1st quarter due to inflation. The economic geniuses around here assured everyone evil corporations like Walmart cause the very inflation that is hurting it   (cnbc.com) divider line
    More: News, Consumer price index, Revenue, Sales, Price index, Inflation, company's shares, consumer price index, Marketing  
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257 clicks; posted to Business » and Main » on 17 May 2022 at 1:35 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



43 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-05-17 12:28:32 PM  
Why do I think derpmitter is a right wing shill, you ask? Probably because they are trying to assert a universal truth with a single point of data.

/ Try harder
 
2022-05-17 12:29:38 PM  
Subby, you might be the dumbest person alive.

Congrats, you had stiff competition this year.
 
2022-05-17 12:31:58 PM  
So, they still made a profit, even with 8.3% inflation? I'm not exactly crying into my soup for Walmart.
 
2022-05-17 12:32:42 PM  
Ah, subby sounds stupid enough to be a republican.
 
2022-05-17 12:35:04 PM  
Self-correcting problem, then? No giant corporate bail-outs for them.

Walmart devours its own. Nothing to see here sheeple. Back to sleep.
 
2022-05-17 12:50:40 PM  

brantgoose: Self-correcting problem, then? No giant corporate bail-outs for them.

Walmart devours its own. Nothing to see here sheeple. Back to sleep.


Walmart is in a market where it can't really raise its prices that much or it will lose sales.  The article also states that its sale mix has changed as more people are buying food there, which is lower profit margin, and fewer are buying the higher profit margin items.  Thing with inflation is that it hits different industries in drastically different ways.  Mortgage companies are already laying off staff as the resulting interest rate hike is harmful, yet oil companies are doing quite well with inflation.
 
2022-05-17 12:59:39 PM  
It's insane that profits that weren't quite as high as the previous quarter, which were higher than expected, can somehow be spun as a loss.
 
2022-05-17 1:32:02 PM  
You're right, Subby, It's obviously caused 100% by Biden, amirite?
 
2022-05-17 1:38:01 PM  
They ain't help
 
2022-05-17 1:42:19 PM  
Nothing says they can't be greedy enough to cause it, then get slightly burned by their greed, koolaidmitter.
 
2022-05-17 1:45:42 PM  
Walmart is it's own thing and I will mot white knight them but nobody is blaming them for our current problems.

/ they definitely do not like high fuel prices product delays or supply chain issues. It's not what they are about.

//so maybe blame oil barons or shipping magnates. Walmart is kind of a strawman here
 
2022-05-17 1:50:15 PM  
Sleepy Joe left the inflation level on 'high'.
 
2022-05-17 1:51:14 PM  
Wait until Walmart buys an oil company.
 
2022-05-17 1:51:30 PM  

brokenbiscuits: Why do I think derpmitter is a right wing shill, you ask? Probably because they are trying to assert a universal truth with a single point of data.

/ Try harder


Exactly. Everybody knows that increased government spending and increased money supplies don't cause inflation. It's greedy corporations that cause inflation.

Don't believe me? Just ask Venezuela's Finance Minister. https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107
 
2022-05-17 1:51:45 PM  

hammettman: Nothing says they can't be greedy enough to cause it, then get slightly burned by their greed, koolaidmitter.


True. But the idea that inflation is caused by corporate is utterly false.
 
2022-05-17 1:52:44 PM  
I will literally go to another store to pay more money for a product I can get at Wal-Mart, just so I don't have to go to Wal-Mart.
 
2022-05-17 1:54:41 PM  
I guess everyone is shopping at the Dollar Palace these days.
 
2022-05-17 1:55:00 PM  

CCNP: brokenbiscuits: Why do I think derpmitter is a right wing shill, you ask? Probably because they are trying to assert a universal truth with a single point of data.

/ Try harder

Exactly. Everybody knows that increased government spending and increased money supplies don't cause inflation. It's greedy corporations that cause inflation.

Don't believe me? Just ask Venezuela's Finance Minister. https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107


If you look at corporate profits, it's really easy to tell the difference.
 
2022-05-17 2:03:48 PM  

Communist Middleschool Student: Sleepy Joe left the inflation level on 'high'.


Your headline sucked
 
2022-05-17 2:12:18 PM  
Lower than expected profits is hardly taking it in the shorts, capitalist running dogs.
 
2022-05-17 2:13:22 PM  

hammettman: Nothing says they can't be greedy enough to cause it, then get slightly burned by their greed, koolaidmitter.


Not sure inflation is caused by Walmart, the following shows sectors that have been hit hardest by inflation, Walmart isn't heavily into many of the highest ones


CPI CategoryOne-Year Change
Energy commodities49.5%
Used cars and trucks26.4%
Energy services11.2%
New vehicles9.8%
Tobacco and smoking products8.5%
Food at home5.4%
Food away from home5.3%
Transportation services4.5%
Apparel4.3%
Shelter3.5%
Alcoholic beverages2.2%
Medical care services1.7%
Medical care commodities-0.4%
 
2022-05-17 2:15:40 PM  

Eightballjacket: brantgoose: Self-correcting problem, then? No giant corporate bail-outs for them.

Walmart devours its own. Nothing to see here sheeple. Back to sleep.

Walmart is in a market where it can't really raise its prices that much or it will lose sales.


To whom, all the mom and pop businesses they ran out of town?  In many places, Walmart is _the only option_ within reasonable driving distance.  And if you drive 20 minutes out of town to the closest competitor, guess what, their prices have gone up too.
 
2022-05-17 2:20:39 PM  
Everyone would strive to use less
 
2022-05-17 2:22:51 PM  

taliesinwi: Eightballjacket: brantgoose: Self-correcting problem, then? No giant corporate bail-outs for them.

Walmart devours its own. Nothing to see here sheeple. Back to sleep.

Walmart is in a market where it can't really raise its prices that much or it will lose sales.

To whom, all the mom and pop businesses they ran out of town?  In many places, Walmart is _the only option_ within reasonable driving distance.  And if you drive 20 minutes out of town to the closest competitor, guess what, their prices have gone up too.


Where can people go in 2022 to buy things?  I don't know

https://www.amazon.com/
 
2022-05-17 2:24:47 PM  

Eightballjacket: taliesinwi: Eightballjacket: brantgoose: Self-correcting problem, then? No giant corporate bail-outs for them.

Walmart devours its own. Nothing to see here sheeple. Back to sleep.

Walmart is in a market where it can't really raise its prices that much or it will lose sales.

To whom, all the mom and pop businesses they ran out of town?  In many places, Walmart is _the only option_ within reasonable driving distance.  And if you drive 20 minutes out of town to the closest competitor, guess what, their prices have gone up too.

Where can people go in 2022 to buy things?  I don't know

https://www.amazon.com/


Not exactly the same, especially considering most of the country still takes a few days to get Amazon orders delivered.
 
2022-05-17 2:25:45 PM  
> The economic geniuses around here assured everyone evil corporations like Walmart cause the very inflation that is hurting it

They did?
 
2022-05-17 2:37:51 PM  

Eightballjacket: brantgoose: Self-correcting problem, then? No giant corporate bail-outs for them.

Walmart devours its own. Nothing to see here sheeple. Back to sleep.

Walmart is in a market where it can't really raise its prices that much or it will lose sales.  The article also states that its sale mix has changed as more people are buying food there, which is lower profit margin, and fewer are buying the higher profit margin items.  Thing with inflation is that it hits different industries in drastically different ways.  Mortgage companies are already laying off staff as the resulting interest rate hike is harmful, yet oil companies are doing quite well with inflation.


They were over staffed, rookie mistake;

Walmart employees returned from Covid leave quicker than expected and caused the company to become overstaffed during part of the quarter.
 
2022-05-17 2:41:53 PM  

Eightballjacket: taliesinwi: Eightballjacket: brantgoose: Self-correcting problem, then? No giant corporate bail-outs for them.

Walmart devours its own. Nothing to see here sheeple. Back to sleep.

Walmart is in a market where it can't really raise its prices that much or it will lose sales.

To whom, all the mom and pop businesses they ran out of town?  In many places, Walmart is _the only option_ within reasonable driving distance.  And if you drive 20 minutes out of town to the closest competitor, guess what, their prices have gone up too.

Where can people go in 2022 to buy things?  I don't know

https://www.amazon.com/


Before Amazon (Uncle was a manager in the 80s-90s), Walmart perfected taking a loss on one product to drive others under. People will buy all their stuff at one store to get 2 deals even if the gross is higher. And of course, once the other store is dead, no more sales. One of their favorites to do that with was toilet paper. Kinda makes me wonder if some hording is learned behavior.
 
2022-05-17 2:59:38 PM  
Soo.... their profit margins are down because people bought more low margin essentials like food than high margin non-essentials like electronics?
 
2022-05-17 3:07:06 PM  
If you're worried about food costs, might I suggest fasting. Skip a day or two, here and there, and you'll get used to hunger, lose weight, and might even find your hidden allergies in the foods that have been making you sick. The average American has a six week reserve on them, so you can skip a couple days.
 
2022-05-17 4:04:32 PM  
Better go track down the fainting goat

- Walmart gross profit for the quarter ending January 31, 2022 was $37.349B, a 1.44% increase year-over-year.
- Walmart gross profit for the twelve months ending January 31, 2022 was $143.754B, a 3.54% increase year-over-year.
- Walmart annual gross profit for 2022 was $143.754B, a 3.54% increase from 2021.
- Walmart annual gross profit for 2021 was $138.836B, a 7.33% increase from 2020.
- Walmart annual gross profit for 2020 was $129.359B, a 0.2% increase from 2019.

- Walmart cash on hand for the quarter ending January 31, 2022 was $14.760B, a 16.8% decline year-over-- year.
- Walmart cash on hand for 2022 was $14.76B, a 16.8% decline from 2021.
- Walmart cash on hand for 2021 was $17.741B, a 87.44% increase from 2020.
- Walmart cash on hand for 2020 was $9.465B, a 22.57% increase from 2019.

https://www.macrotrends.net/stocks/charts/WMT/walmart/gross-profit
 
2022-05-17 4:21:22 PM  

AlgaeRancher: Walmart is it's own thing and I will mot white knight them but nobody is blaming them for our current problems.


They're partly to blame for a lot of them.

The inflation itself? Maybe not. But a whole lot of other things that currently plague us, including low union membership and depressed wages.
 
2022-05-17 5:02:15 PM  

JessieL: CCNP: brokenbiscuits: Why do I think derpmitter is a right wing shill, you ask? Probably because they are trying to assert a universal truth with a single point of data.

/ Try harder

Exactly. Everybody knows that increased government spending and increased money supplies don't cause inflation. It's greedy corporations that cause inflation.

Don't believe me? Just ask Venezuela's Finance Minister. https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107

If you look at corporate profits, it's really easy to tell the difference.


I agree. We should raise taxes on corporations. The corporations would never pass these taxes along to consumers in the form of higher prices, right? Right?
 
2022-05-17 5:07:14 PM  

wildcardjack: If you're worried about food costs, might I suggest fasting. Skip a day or two, here and there, and you'll get used to hunger, lose weight, and might even find your hidden allergies in the foods that have been making you sick. The average American has a six week reserve on them, so you can skip a couple days.


I'm reminded of those 'extreme cheapskate' reality TV shows.

Being obese is expensive.
 
2022-05-17 5:08:53 PM  

CCNP: JessieL: CCNP: brokenbiscuits: Why do I think derpmitter is a right wing shill, you ask? Probably because they are trying to assert a universal truth with a single point of data.

/ Try harder

Exactly. Everybody knows that increased government spending and increased money supplies don't cause inflation. It's greedy corporations that cause inflation.

Don't believe me? Just ask Venezuela's Finance Minister. https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107

If you look at corporate profits, it's really easy to tell the difference.

I agree. We should raise taxes on corporations. The corporations would never pass these taxes along to consumers in the form of higher prices, right? Right?


I think disallowing stock buybacks and setting a more equitable minimum wage would be more effective.
 
kab
2022-05-17 5:59:26 PM  
Subby seems to imagine that Wal-Mart hasn't raised their prices on goods accordingly, and is somehow shocked that consumer belts are tightening in response.

/whomp whomp
 
2022-05-17 6:19:40 PM  
I don't know how much lower Wal-Mart can go. They already feel like K-Marts in their final years. The next move might be leveraging all their assets and abandoning them for more profits next quarter in a downward spiral.
 
2022-05-17 7:18:20 PM  

dr_blasto: Ah, subby sounds stupid enough to be a republican.


Not hard to spot - they always speak dismissively of other people's economic knowledge, while demonstrating that they possess none of their own.
 
2022-05-17 7:21:58 PM  

CCNP: JessieL: CCNP: brokenbiscuits: Why do I think derpmitter is a right wing shill, you ask? Probably because they are trying to assert a universal truth with a single point of data.

/ Try harder

Exactly. Everybody knows that increased government spending and increased money supplies don't cause inflation. It's greedy corporations that cause inflation.

Don't believe me? Just ask Venezuela's Finance Minister. https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107

If you look at corporate profits, it's really easy to tell the difference.

I agree. We should raise taxes on corporations. The corporations would never pass these taxes along to consumers in the form of higher prices, right? Right?


Well - when we cut their taxes, they don't reduce their prices, or pay their workers more.
Why not at least get some tax revenue out of them? They will always charge as much as the traffic will bear.
If corporations are people, they can pay taxes, like people.
 
2022-05-18 7:33:37 AM  

Cyberluddite: You're right, Subby, It's obviously caused 100% by Biden, amirite?


BidenIdidthat.jpg
 
2022-05-18 7:34:59 AM  

edmo: Wait until Walmart buys an oil company.


Walton's are you busy buying water rights and lobbying for law changes regarding them
 
2022-05-18 7:36:27 AM  

CCNP: brokenbiscuits: Why do I think derpmitter is a right wing shill, you ask? Probably because they are trying to assert a universal truth with a single point of data.

/ Try harder

Exactly. Everybody knows that increased government spending and increased money supplies don't cause inflation. It's greedy corporations that cause inflation.

Don't believe me? Just ask Venezuela's Finance Minister. https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107


Umm actually they gave people $600 in 2020 and that caused all this.   Can't just go around minting a bunch of hundredaires and expect nothing bad to happen
 
2022-05-18 7:44:37 AM  

wildcardjack: If you're worried about food costs, might I suggest fasting. Skip a day or two, here and there, and you'll get used to hunger, lose weight, and might even find your hidden allergies in the foods that have been making you sick. The average American has a six week reserve on them, so you can skip a couple days.


This is so true.  Fasting has changed my life.  Lost weight, feel better and it does become normal after a while.  Save big money on the grocery bill too.
 
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