The shutdown will halt about $8 billion a month in federal food assistance. Walmart captures 24% of all SNAP shopper spending, according to Numerator’s 2025 SNAP Evolution report—triple Kroger’s share and far ahead of Costco, Amazon and Sam’s Club.
Walmart was the first retailer to accept SNAP online in all 50 states in 2023 and launched the Walmart+ Assist program, which offers half-price memberships for those receiving aid.
“If SNAP payments stop, spending by the lowest income groups will fall,” said Neil Saunders, managing director of data and analytics firm GlobalData. “Walmart gets a plurality of the spending, so it will be hit the hardest.”
This was somewhat epiphanic for me.
I already recognized companies such as Walmart were subsidizing pay through social programs such as SNAP and essential funneling/laundering tax payer money to their executives.
This headline made me further realize they’re not only making taxpayers subsidize wages, they’ve also effectively turned the USD into a form of company scrip. While that scrip can be spent at some other locations I bet a large percent of funneled right back to e.g. Walmart itself. If you already work at Walmart it makes spending your SNAP benefit there easier.
I dunno why it says “If SNAP goes dark” becuase it already did go dark. It’s already been a week woth no payments and it looks like nothing is going to change that. SNAP has already “gone dark”.
The article is from Oct 29. I doubt the SNAP situation is news to many on the fediverse. I shared it more so because A) What a tone deaf headline, and B) To share the epiphany it caused me.
California is paying full SNAP benefits starting this morning. California cares. Trump, Mike Johnson, and The entire GOP couldn’t give less fucks about anyone else.
It’s the Democrats fault because they won’t cancel health care so we have to cancel food assistance - every republican I know
Yes millions of people can’t access food, but have you thought about the impact this is having on Walmart’s profits?
I think its important for people to know there are consequences for supporting fascism. Walmart has been donating to conservative PACs for decades and the Waltons themselves tilt even harder than the company.
I don’t disagree, it’s just so fucking frustrating that people can scream from the rooftops for months/years that “this is bad, bad things will happen” and people will ignore them until it affects them personally or it affects a company’s profits.
The problem is all the people starving, not Walmart losing less than 1% of their profits. But apparently that less than 1% profit loss is what people listen to. It’s disgusting.
Honestly? If it’s what gets people to be fed, I’m okay with doing it because people starving is bad for the economy.
I’d rather we did at least the bare minimum for the right reason, but I’ll accept the wrong reason. At this point, hoping for more than the bare minimum seems unrealistic when we’re most likely to get the wrong thing for the wrong reasons.I’m sure they’ll just get a handout directly from the government instead.
“Our profits are in the RED, pls give money daddy govt 🥺🥺” but also somehow still makes record-breaking profits.
Remember kids, when a company says their profits are in the red, that does not mean they are losing money - THEY STILL MADE A PROFIT. Just not as much profit as last year.
Maybe thisnmeans something might get done about all this.
What the article doesn’t mention is how many of Walmarts employees are on SNAP themselves.
Thats what i thought they were referencing at first. That Walmarts were going to be shutting their doors as all their snap subsidised employees started quitting in search of jobs that they could actually put food on the table with.
Walmart tends to blight communities of similar jobs, once they are established in those communities.
Exactly. They corner the market and destroy local industries because Walmart can sell items for a cheaper price
Walmart one year revenue is ~$700B.
This is the only good news from trump’s term. The waltons losing money in this way exposes who they are, and might piss them off enough to do something.
The waltons losing money in this way exposes who they are, and might piss them off enough to do something.
As much as I hate the idea of corporate interests having that much influence over the government (any government), someone richer than him complaining could be the only thing that gets through Trump’s mushy head.
I’ve seen a lot of tik toks that are just veiled racism posts. “Oh look now that snap is gone the store is empty and I don’t see any ghetto people!” Like brother white people are the biggest recipients of snap.
He’s saving them so much in taxes that they can just lose $2 billion and be fine with it. The Walton family is worth almost $500 billion. They don’t give a fuck about this.
Waltons only own 45% of walmart now. There are a lot of non-billionaires that will be pretty pissed if the stock slumps. But many of those will just be regular joes, not the rich folk who have divested and planned ahead.
CEOs should do to Trump what the Roman senators did to Julius Caesar.
Interesting how this billionaire family is making so much money off food stamps.
I would not be surprised to read a headline soon stating “Walmart to receive government subsidies for lost SNAP revenue.”
Regardless if SNAP has been funded.
Probably more. Their starving employees will be stealing food from them to survive.
Walmart also relies on the government to cover their employees health insurance and food assistance. They might have to start providing health insurance to their employees otherwise we might to start hearing about quiet quitting again.
Well shit, the dumbasses guzzled down the orange Kool-Aid. Zero sympathy and f-them.
Poor Walmart 😢 how will they survive
employees on snap
Its funny to me when SNAP is a focal point all the press stops talking about the farmers but obviously somebody is supplying walmart with 2 billion in products.
And those supplies prices are jacked up because of Tariffs.
