Walmart Inc. (WMT)

Sector: Consumer Staples|Industry: Discount Stores|Market Cap: $751.66B|Employees: 2.1M


Walmart is a leading global retailer operating a network of over 10,500 stores and various e-commerce websites across 19 countries, serving approximately 255 million customers weekly. The company's core business model is based on everyday low prices (EDLP) and everyday low costs (EDLC), offering a broad assortment of merchandise and services through both physical stores and e-commerce platforms, including grocery, general merchandise, and health and wellness products. Walmart's competitive advantages include its vast scale, global supply chain, and integrated omni-channel capabilities, allowing it to offer competitive pricing and convenient shopping experiences.

  1. Filings

Filing Highlights

Financial Performance

Total revenue increased by 6.0% to $648.1 billion, driven primarily by a 6.1% increase in net sales. This growth was fueled by positive comparable sales in both the Walmart U.S. and Sam's Club segments, along with growth in international markets.

The gross profit rate increased by 27 basis points in FY24, primarily due to Walmart U.S.'s performance. This was attributed to strategic pricing aligned with competitive gaps and a favorable comparison to the prior year, which included higher markdowns.

Operating income increased by $6.6 billion (32%) to $27 billion in FY24. This was driven by factors such as lapping prior-year charges related to opioid settlements and business restructuring, as well as improved business performance.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG Initiatives

Market Environment