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IncomeStatementGuy OP t1_j9gyjph wrote

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

I went with "cost of sales" as this is what Walmart calls the line in their SEC filing.

And I used the terms "gross profit", "operating profit" and "net profit" for consistency (consistently "profit"). Accounting has synonyms and that's ok.

I tend to get worried if companies report any "adjusted" metrics.

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codybevans t1_j9gyufk wrote

That’s totally understandable. The numbers mean the same thing. I appreciate you taking time to make these. They’re really insightful.

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