Well, there are more food stamps than there is money….
Check it out:
A reliance on food stamps is likely the last thing people expect to see in a corporation’s filing with the Security and Exchange Commission.
But the same company that can sell jeans for $9.99 also depends on people using government assistance to keep its margins up and its shareholders happy.
In its most recent annual SEC filing, Wal-Mart explained some factors that could hurt its bottom line, specifically changes to the Supplemental Nutrition Assistance Program (or food stamps) and other assistance programs.
“Our business operations are subject to numerous risks, factors and uncertainties, domestically and internationally, which are outside our control,” Wal-Mart’s 10-K reads. “Any one, or a combination, of these risks, factors and uncertainties could materially affect our financial performance, our results of operations, including our sales, earnings per share or comparable store sales or comparable club sales and effective tax rate for any period, our business operations, business strategy, plans, goals or objectives.”