Analyst Report: Walmart Inc

Feb 22, 2024 6:13 am | News

Summary

Walmart is the world’s largest retailer. In the fiscal year ended January 31, 2024, revenues were $648 billion (compared with Amazon’s $574 billion of total revenue). The company has three segments: Walmart Stores, which accounted for about 68% of sales; Sam’s Club, a membership warehouse chain, which comprised 13% of revenue; and the International segment, which generated 19% of sales. The company, based in Bentonville, Arkansas, ended fiscal 2023 with about 10,600 retail units in 19 countries. The company had about 1.05 billion square feet. Groceries are the largest produce category in the U.S. market, at approximately 59% of sales. Health and Wellness, another stable category, is 11%. General Merchandise is 28% of sales. Global e-commerce sales were approximately $100 billion in FY24. The fiscal year ends on January 31 for U.S. and Canadian operations. Other operations generally are consolidated using a one-month lag on a calendar-year basis.

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