2017 Annual Report - Three Takeaways

Three Takeaways from the 2017 Annual Report

28 May 2018

Copyright © 2018 – It’s Not Sam’s Walmart…..Anymore!

With it being just days from Walmart’s Annual Orgasm (Meeting), we found many takeaways in the annual report, here are the top three.

“It’s Our People, Our Culture, Our Purpose…”

Sadly, the people, the culture, and the purpose of Walmart have been long destroyed, period.

Liberals that took over Walmart in the early part of the last decade made sure of that, by pushing out the people that made Walmart, destroyed the culture Mr. Sam created, and slaughtered the company’s purpose.

Mr. McMillion does not the people or culture, and has squandered the resources to Make Walmart Great Again on purchases of businesses that do not fit.

Mr. McMillion, you need to get back to square one, rebuild the people, rebuild the culture, and rebuild the brick and mortar business, that is where the money is.

“Earlier this  year, we increased the starting wage for our U.S. associates to $11 per hour”

Setting a minimum starting wage is a huge liberal mistake.

Example, when I began with Walmart, I was hired on above minimum wage, I left Walmart some 10 years later making more per hour working part-time with Walmart that I was working full time with a Hospitality company, and I already had almost 15 years in service there.

One of the biggest issues, especially those last few years at Walmart is when the liberal leadership made it next to impossible for those who exceeded, such as me, to get any meaningful raises.  Those policies also made it difficult to get those that were not Walmart material out the door.

Here’s one Mr. McMillion you need to do a roll back on.  Market based wages (especially in the city where I worked), were well above minimum wage, and still are.

Last, but not Least, “last fiscal year we reached more than $500 billion in revenue for the first time as a company”

This is where I say “where is the beef?”

Or in this situation “Where is the Income”

As an individual trained in accounting, I love to dig in Annual Reports.  This one is scary.

Operating income has dropped 6.435 billion dollars since fiscal year 2014. 

That’s a 23.95% drop

You cannot expect to stay a going concern if your operating income is dropping, period.  Walmart’s ship is sinking, and if action is not taken, Walmart will soon join the other great brands that have failed and are either liquidating or have become history.

Other takeaways?

There are plenty of them, from the leadership team being paid excessively, to the unnecessary store closings due to the gross mismanagement of Walmart.

What Can Be Done?

If you are a Walmart shareholder, revote your proxy “Against” each and every Director Nominee.  If you have not voted your shares, please do so prior to the cutoff time.

The Walton family has heard us before when we voted “Against” the leadership change, and they need to hear from us again, as apparently they do not care about the fact their wealth and trusts are being wiped out by this liberal bunch in charge.

Coming soon from “It’s Not Sam’s Walmart Anymore”,

·         “My Walmart Story” – why I am on the outside looking in, and yes, it does include a lot of sexual harassment across over 10 years.

·         “Lies, Lies, and profit taking” – how Walmart’s leadership profited from selling stock in late 2017 in a story oddly similar to what K-Mart’s leadership did many decades prior.

·         “Store Reviews” – I’m out and in stores taking notes, most recently an associate who should have been stocking freezers but instead texting away on the company dime, apparently the mis-management of that store needs a nudge.

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It’s Not Sam’s Walmart…..Anymore!  is here to educate our readers, in order to return Sam Walton’s beliefs, values, and rock solid business model, that stresses Customer Service and Value to each an every Walmart guest!

Your writer, chief cook, and bottle washer (just kidding) of “It’s Not Sam’s Walmart….Anymore!”, is not only a former associate of over 10 years, he has held shares of Walmart for over 34 years, and met Mr. Sam quite by accident in the Summer of 1981 in one of his Arkansas stores, and learned more about running a successful business in 20 minutes than any college could have taught.  As a shareholder, I am required to note that I have not, and have not bought or sold any Walmart shares, and have no plans to do such
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