• TachyonTele
    link
    fedilink
    arrow-up
    1
    ·
    edit-2
    24 days ago

    Gross 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.

    Flippant away

    • cygnus@lemmy.ca
      link
      fedilink
      arrow-up
      3
      ·
      24 days 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
        link
        fedilink
        arrow-up
        2
        ·
        24 days 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
          link
          fedilink
          arrow-up
          6
          ·
          24 days 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?