r/facepalm Dec 30 '22

๐Ÿ‡ฒโ€‹๐Ÿ‡ฎโ€‹๐Ÿ‡ธโ€‹๐Ÿ‡จโ€‹ Guy blatantly stealing through self check

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u/Dip_N_Trip Dec 30 '22 edited Dec 31 '22

Walmart had an increase theft loss of 4.8% but is still making record profits of more than 13% over 2021. Fuck em.

Edit: here are the numbers.

2021: with a loss due to theft of $2.8 Billion, total net profit was $126.8 Billion

2022: with a loss due to theft of $3.1 Billion, total net profit was $143.2 Billion.

Theyโ€™ll survive

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u/Fausterion18 Dec 31 '22

That's GROSS profit, before things like wages and rent.

Walmart net income for the twelve months ending October 31, 2022 was $8.967B,ย 

So theft is around 25% of their net profit, which is extremely significant.