Checkout who the real "Welfare Queens" are in America

[Darwin333]

You obviously missed the Denny's thread where someone claimed that $1,500 in revenue could lead to $200,000 in profit.

Walmart is really slacking off

Holy shit! I am looking into how to get a Denny's franchise right now!

 

[davmat787]

According to their filings their profit margin is 3-5% (mostly closer to 3%)
http://ycharts.com/companies/WMT/profit_margin

Where the hell did you get your numbers Acanthus?

Another interesting figure is Walmarts profit per employee. Last I saw, it was around $9500. So if they average paying each employee say $19,000 a year, they are paying out $2 to make $1 if you look at it only from this cost perspective.

Not much room to raise wages at all without drastically changing the company, which may or may not be by design. Not claiming who is in the right, just pointing out another data figure.

 

[IBMer]

Another interesting figure is Walmarts profit per employee. Last I saw, it was around $9500. So if they average paying each employee say $19,000 a year, they are paying out $2 to make $1 if you look at it only from this cost perspective.

I don't think that's a correct way to look at it. The correct way is to view at as, they are paying $19k to make 28.5k. Profits are above and beyond all costs. This isn't 9500 dollars in revenue which would make it the $2 to $1 which would be a huge loss.

 

[davmat787]

I don't think that's a correct way to look at it. The correct way is to view at as, they are paying $19k to make 28.5k. Profits are above and beyond all costs. This isn't 9500 dollars in revenue which would make it the $2 to $1 which would be a huge loss.

You must be correct, thank you for the clarification. In my defense, I have said before that doing them number things makes my head hurt.

I think the overall point still stands however, that there isn't as much revenue per employee to provide these drastic pay increases that many think Walmart could easily do. Could be wrong, but how could Walmart do that without drastically, and perhaps catastrophically, changing their business model?

 

[Acanthus]

According to their filings their profit margin is 3-5% (mostly closer to 3%)
http://ycharts.com/companies/WMT/profit_margin

Where the hell did you get your numbers Acanthus?

Internal. Guy must've mistaken sales for profit.

(In my defense, I didn't give it much thought as it was a store manager)

 

[Pr0d1gy]

Another interesting figure is Walmarts profit per employee. Last I saw, it was around $9500. So if they average paying each employee say $19,000 a year, they are paying out $2 to make $1 if you look at it only from this cost perspective.

Not much room to raise wages at all without drastically changing the company, which may or may not be by design. Not claiming who is in the right, just pointing out another data figure.

The really interesting figure would be how much per employee each of the Waltons & their CEO makes. I guarantee you it is more than $9500. They employ 2,000,000 people give or take. Their annual profit for 2011 was $15 billion give or take. They also average about $2.6 billion in government assistance for their workforce (or about $1300 per employee on average) so we will add that onto the $15 bil.

$17.6bil/2mil = $8800 in profit per employee.

So that means you have the Walton family splitting as much money as their entire 2 million person workforce, almost. Also keep in mind that their CEO alone makes more in an hour than the workers make in a year. It's pretty shocking that people would treat other people in such a callous manner.