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IncomeStatementGuy OP t1_j9f8gz2 wrote

Reply to comment by cdx70 in [OC] How Walmart makes money (they just released earnings for the fiscal year ending January 31) by IncomeStatementGuy

Walmart officially reports it as "costs of sales" in its earning release

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cdx70 t1_j9f8rpu wrote

I wonder if that means they calculate wages into that number or some other expenses, I was assuming it was just the actually cost of the goods but I guess that doesn't make sense because revenue should be way higher than that number, like over double

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codybevans t1_j9gaykn wrote

Cost of sales does not include wages or overhead. Only purchases.

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