The shutdown will halt about $8 billion a month in federal food assistance. Walmart captures 24% of all SNAP shopper spending, according to Numerator’s 2025 SNAP Evolution report—triple Kroger’s share and far ahead of Costco, Amazon and Sam’s Club.
Walmart was the first retailer to accept SNAP online in all 50 states in 2023 and launched the Walmart+ Assist program, which offers half-price memberships for those receiving aid.
“If SNAP payments stop, spending by the lowest income groups will fall,” said Neil Saunders, managing director of data and analytics firm GlobalData. “Walmart gets a plurality of the spending, so it will be hit the hardest.”
This was somewhat epiphanic for me.
I already recognized companies such as Walmart were subsidizing pay through social programs such as SNAP and essential funneling/laundering tax payer money to their executives.
This headline made me further realize they’re not only making taxpayers subsidize wages, they’ve also effectively turned the USD into a form of company scrip. While that scrip can be spent at some other locations I bet a large percent of funneled right back to e.g. Walmart itself. If you already work at Walmart it makes spending your SNAP benefit there easier.
It’s a notable chunk of their operating profit, and I assure you their shareholders will take note.
They made 169 billion in profit this year. They aren’t hurting at all.
God no lmao that’s like their entire market cap. That’s probably total revenue with a 5-10% profit margin
lmao what? their market cap is like $800 billion.
https://companiesmarketcap.com/walmart/marketcap/
Wow I had no idea they were that close to a trillion dollars. Time to monopoly bust!
agreed lol
Gdood luck getting Trump’s FTC to take action.
I mean or the democrats. Nancy and Husband made about $100 million investing in the companies they should have been regulating. I didn’t expect trump to do any kind of consumer protections. I expected the democrats to do this shit 10 years ago. After they lost an election to trump due to Facebook amplifying Russian disinformation
“Facebook sure seems to make a lot of money doing political interference and propaganda, maybe we should regulate it for doing psychological experiments on our kids……… NAH FUCK THAT……throws 10 million on META calls
That’s revenues. Not profit. If you don’t understand the difference you’re talking out your ass.
While you’re correct that I conflated gross profit with net income, that still doesn’t make it the same as revenues, and if you can’t tell the difference, you’re talking out of your ass.