https://beta.washingtonpost.com/business/economy/walmarts-4t...
Indicates Walmart $3.69 billion, or $1.27 per share in the 4th quarter. By comparison Apple made 11.5 Bil in the 2nd quarter last year.
https://money.cnn.com/2018/07/31/technology/apple-q3-earning...
That doesn't seem like a non-profitable company
I inferred Bostonian to mean that because Walmart is very profitable, and it has low wages, then it shows that minikites' comment of "business models having to pay poverty wages are not good business models" to be wrong.
To which I am responding that because Walmart's profit margins are tiny, implying that they have to pay poverty wages in order to stay in business, which in my opinion is not a good business model as it doesn't leave much slack or moat.
Of course, "good business model" is subjective, and some could consider Walmart's efficiency to be a good business model, but I am looking at it from the perspective of an equity owner looking for returns.
So ... $11.1 billion in profit so far this year. Sounds very profitable to me.
https://ycharts.com/companies/WMT/profit_margin