[jammygit]

Is 280M just a speeding ticket? I wonder if they are met ahead or behind because of the policy.

[nerdponx]

It's just a speeding ticket. They are ahead.

[ghufran_syed]

It's 3.67% of that number - if you were a software engineer making $100,000 / year in the US, it would be like paying a speeding ticket of $3670, which is an order of magnitude greater than most speeding tickets in the US

[Avshalom]

100,000 is gross revenue. Walmart's was $514B. 280M is then equivalent to $55.

[throw_away]

$7.659B is the quarterly number, so divide your fine by four -> $917, which would still be quite an expensive speeding ticket, but within the max possible fines in my state.

[hanniabu]

It kind of would be like getting a ticket when you account the total cost with your insurance going up and that staying on your record for ~4 years.

[pmiller2]

Walmart’s EBITDA for the quarter ending April 30, 2019 was $7.659B. I’d call $280M a very minor annoyance.

[dahfizz]

That's roughly ~3.5% of their income. If I took 3.5% of your income, you would be much more than minorly annoyed.

You can make the argument that 3.5% isn't high enough, but it's not nothing.

[rahimnathwani]

The fine covers 10 years of activity.

Your 3.5% uses 3 months of income as the denominator.

I haven't looked up Walmart's past income, but there are 40 quarters in 10 years, so it's possible they've been fined <0.1% of their income (3.5% / 40).