eagleseven
Quod Erat Demonstrandum
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- #81
Exxon's profit margin is 6.77%.I'm no real fan of Walmart, but their marketing strategy is not to make the MOST PROFIT as let's say the oil companies....
Their strategy is to value price their merchandise, so to capture all of the market share available to capture...
Their profit marins are consistently around 3.6%....3.6% is a modest amount of profit to be making...so YES, they are getting their labor costs for dirt cheap by producing in China, BUT...they are passing the savings on to the customer....they are not pocketing all of their savings from overseas production and just paying their shareholders more.
Exxon/Mobile has a profit margin that is nearly 300% higher than Walmart's profit margin...
When I saw that they consistently ran at around a modest 3.6% profit margin, is when I stopped bashing walmart for their profits....
Pfizer's profit margin is 17.27%.
Microsoft's profit margin is 27.70%.
Would you agree that Exxon's profit margin is modest, as well?