Unless I don't know how to read a balance sheet, that article is wrong. Walmart has been at 3.5% operating margin for years and hasn't really changed. Can someone confirm?
And from what I understand, 3% operating margin is barely sustainable and you gotta be pretty big and have your model down pat. Any little blip in consumer behavior and the business starts failing. 7% would be friggin terrific for a company like Walmart.
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