Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
“Walmart recorded $169.6 billion in total revenue during the third quarter of 2024, up 5.5% from the previous quarter. It recorded a 7.8% return on assets and had an operating income of $6.7 billion.”
This sounds like a statement to pretend the increase of prices is Trump fault instead of an attempt to maintain their growth.
No, it’s Walmart saying that any costs due to Trump’s tariffs will be paid by the consumer because they’re not going to take a pay cut to offset the costs.
Sounds like both to me. The genuine increase of price to customers due to Trump’s policy, presents an excuse for Walmart to seem good while prices increase, even while their aim is to aggressively maximise profits for themselves.
Like how energy prices in England have skyrocketed with the genuine fallout of the Russian Ukrainian war, but energy companies appear to have taken the opportunity to skim off extra profits for themselves.
Ah, nice to see Lemmy wholeheartedly embracing our friend and source of truth, Walmart.
Tomorrow’s headline: “Amazon says worker conditions will be bad because of Trump”
“Walmart recorded $169.6 billion in total revenue during the third quarter of 2024, up 5.5% from the previous quarter. It recorded a 7.8% return on assets and had an operating income of $6.7 billion.”
This sounds like a statement to pretend the increase of prices is Trump fault instead of an attempt to maintain their growth.
No, it’s Walmart saying that any costs due to Trump’s tariffs will be paid by the consumer because they’re not going to take a pay cut to offset the costs.
Sounds like both to me. The genuine increase of price to customers due to Trump’s policy, presents an excuse for Walmart to seem good while prices increase, even while their aim is to aggressively maximise profits for themselves.
Like how energy prices in England have skyrocketed with the genuine fallout of the Russian Ukrainian war, but energy companies appear to have taken the opportunity to skim off extra profits for themselves.
Oh they’re certainly going to take advantage of it