I'm getting my numbers from here: https://stock.walmart.com/financial-information/income-statement I believe the difference in figures is between US and Worldwide, and aren't different enough to affect the conclusion.

I'm not "wording it like" Walmart is struggling; I'm saying that Walmart (and the grocery sector in general) works on razor-thin margins, and trying to ignore that fact by talking about "record profits" is misleading and either stupid or dishonest. I'd encourage you to re-read my comment and try to decide which words made you interpret it that way - I think you'll find that they aren't there, that I was just reporting facts in neutral language, and you've made that interpretation because I'm going against the narrative.

What a low profit margin means is that if an average shopper buying a $100 basket of goods decides to swipe a $2 chocolate bar, their profits are nearly halved. Problems that seem small have large effects to a company operating like this.

The narrative Lemmy commenters tend to believe is that the cost of groceries went up in the 2020s due to corporate greed and lay the blame for their current struggles at the foot of retailers like Walmart. The actual facts don't bear that out. They then mock complaints about theft from shops attributed to self-service checkouts as price-gouging fat cats whining that their cost-saving measure isn't saving them costs, ignoring that, with profit margins relatively steady/down since before the pandemic, those cost savings are being passed on to them, the consumer.

Not in a massive PR campaign, but yes they are complaining publicly. Retail theft has gone up significantly, with 360k offences in the last year before the pandemic, having fallen for a couple of years from a peak of about 380k, and the most recent year stands at 530k offences.

And by all means, criticise Walmart for their abuses of staff and exploitative practices. But their profit levels are just not part of it. If Walmart were nationalised and stopped making profit and stopped paying its execs as much your $100 grocery bill would still be over $95. Hoo-fuckin-ray.

Yes, most have two separate checkouts on both sides. And also this weird self checkout/belt lane thing. Was just trying to add to the conversation, geez.