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Thread: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by Bob N View Post
    Well it appears that a Cleveland, Ohio Walmart is holding a food drive so that it's employees can have a nice Holiday meal. The sign in the store, accompanied by several plastic bins, reads: "Please donate food items so associates in need can enjoy Thanksgiving dinner."

    Really? Thank goodness those people are employed so those associates don't have to get on food stamps.

    What cracks me up with some people that see nothing wrong with what Walmart is doing would probably go berserk if you wished them "Happy Holidays" instead of "Merry Christmas."
    Isn't this tragic? One of the wealthiest corporations in America asking for charity for their employees. WalMart could easily afford to give ALL their employees a generous Thanksgiving and Christmas bonus. They should be ashamed.
    "The arc of the moral universe is long, but it bends toward justice"---Dr. Martin Luther King, Jr.

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by Amanda1858 View Post
    Isn't this tragic? One of the wealthiest corporations in America asking for charity for their employees. WalMart could easily afford to give ALL their employees a generous Thanksgiving and Christmas bonus. They should be ashamed.
    They could afford it? How do you know that? Are you an executive for the company? A shareholder? Or just another person that doesn't think business deserves to make money?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by j-mac View Post
    They could afford it? How do you know that? Are you an executive for the company? A shareholder? Or just another person that doesn't think business deserves to make money?
    You don't need to be an executive to the company or a shareholder to know the following:

    Wal-mart made 15.7 Billion dollars last year and they can't afford Christmas bonuses to people that keep the store going? I find that incredibly hard to believe.
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by Bob N View Post
    You don't need to be an executive to the company or a shareholder to know the following:

    Wal-mart made 15.7 Billion dollars last year and they can't afford Christmas bonuses to people that keep the store going? I find that incredibly hard to believe.
    Did you even bother to read the excerpt of the Bloomberg article I highlighted for Dave? I know how much in raw dollars that company made, do you know what that represents as a percentage of profit?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by j-mac View Post
    Did you even bother to read the excerpt of the Bloomberg article I highlighted for Dave? I know how much in raw dollars that company made, do you know what that represents as a percentage of profit?
    Profits declined by 4.6% in the USA to make revenue 15.7 billion dollars; however, Wal-Mart's international business continues to be a source of growth for the company -- revenues outside the U.S. rose by 13.1% last year, to $35.5 billion. CNN Money
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by Bob N View Post
    Profits declined by 4.6% in the USA to make revenue 15.7 billion dollars; however, Wal-Mart's international business continues to be a source of growth for the company -- revenues outside the U.S. rose by 13.1% last year, to $35.5 billion. CNN Money
    I didn't ask you that....I asked you if you knew what WalMart's profit margin percentage was? Do you?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by j-mac View Post
    I didn't ask you that....I asked you if you knew what WalMart's profit margin percentage was? Do you?
    Gross Profit Margin

    Annual Data | Quarterly Data

    Jan 31, 2013 Jan 31, 2012 Jan 31, 2011 Jan 31, 2010 Jan 31, 2009 Jan 31, 2008
    Selected Financial Data (USD $ in millions)
    Gross profit 113,626 108,727 103,665 100,389 95,086 88,011
    Net sales 466,114 443,854 418,952 405,046 401,244 374,526
    Gross profit margin1 24.38% 24.50% 24.74% 24.78% 23.70% 23.50%

    Source: Based on data from Wal-Mart Stores Inc. Annual Reports
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by Bob N View Post
    Gross Profit Margin

    Annual Data | Quarterly Data

    Jan 31, 2013 Jan 31, 2012 Jan 31, 2011 Jan 31, 2010 Jan 31, 2009 Jan 31, 2008
    Selected Financial Data (USD $ in millions)
    Gross profit 113,626 108,727 103,665 100,389 95,086 88,011
    Net sales 466,114 443,854 418,952 405,046 401,244 374,526
    Gross profit margin1 24.38% 24.50% 24.74% 24.78% 23.70% 23.50%

    Source: Based on data from Wal-Mart Stores Inc. Annual Reports

    Oh Bob....You're not even close with that bit of attempted dishonesty....The company had sales of $407 Billion last year, and by your own post you started off with their profit was $15.7 Billion....That equals a net profit margin of 3.8%, and when I tried to get you to say that, you obfuscated again by posting some CNN article on Euro profits, then you finally came back and tried to offer 'Gross profit' margin which is calculated before operating expenses.....Tsk, tsk, tsk Bob! Very dishonest of you....Anyway from you most recent posting, that gives the link to follow would have given you the answer correctly....Here it is...

    Consolidated net income attributable to Walmart 4,069 3,784 5,606 3,635 4,016 3,742 5,163 3,336 3,801 3,399 6,033 3,436 3,596 3,324 4,632 3,239 3,442 3,022 3,791 3,138 3,449 3,022 4,096 2,857 2,952 2,826
    Net sales 116,216 113,429 127,104 113,204 113,534 112,272 122,285 109,516 108,638 103,415 115,600 101,239 103,016 99,097 112,826 98,667 100,082 93,471 107,890 97,634 101,598 94,122 106,269 90,880 91,990 85,387

    Net profit margin1 3.64% 3.65% 3.65% 3.59% 3.55% 3.54% 3.54% 3.79% 3.89% 3.89% 3.91% 3.60% 3.58% 3.56% 3.54% 3.37% 3.36% 3.35% 3.34% 3.43% 3.42% 3.37% 3.40% –% –% –%
    Source: Based on data from Wal-Mart Stores Inc. Quarterly and Annual Reports

    So, less than 4% profit is not fair to you?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by j-mac View Post
    Oh Bob....You're not even close with that bit of attempted dishonesty....The company had sales of $407 Billion last year, and by your own post you started off with their profit was $15.7 Billion....That equals a net profit margin of 3.8%, and when I tried to get you to say that, you obfuscated again by posting some CNN article on Euro profits, then you finally came back and tried to offer 'Gross profit' margin which is calculated before operating expenses.....Tsk, tsk, tsk Bob! Very dishonest of you....Anyway from you most recent posting, that gives the link to follow would have given you the answer correctly....Here it is...
    Pissed? You shouldn't be because you're wasting your time. What you're doing is dissecting all the info to make it fit comfortably in to your argument

    Total profit.
    Operating expenses: what can I say? Everyone has them. And companies can just about turn anything in to OE -- accountants out there do it all the time.
    Euro Dollars? My article said nothing about profit in Euro Dollars.
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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    Re: Wal-Mart Asks Workers To Donate Food To Its Needy Employees

    Quote Originally Posted by Bob N View Post
    Pissed? You shouldn't be because you're wasting your time. What you're doing is dissecting all the info to make it fit comfortably in to your argument

    Total profit.
    Operating expenses: what can I say? Everyone has them. And companies can just about turn anything in to OE -- accountants out there do it all the time.
    Euro Dollars? My article said nothing about profit in Euro Dollars.
    Your dishonesty reeks here....Stick to the question if you would....WalMart makes about 3.8% net profit, is that fair or not?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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