In the fiscal year ended January 31, 2024, Walmart's revenue amounted to approximately 648 billion U.S. dollars worldwide. Compared to a year earlier, the retailer's revenue increased by six percent. Walmart, formerly known as Wal-Mart Stores, Inc., is one of the most well-known and valuable brands in the world. The company operates discount stores, supercenters, and neighborhood markets globally.
Powerhouse of retail in both domestic and international markets
Walmart deals in a wide variety of products, such as groceries, apparel, furniture, home appliances, and electronics. The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart’s strongest segment, in terms of revenue, is Walmart U.S., which operates retail stores in the company’s domestic market of the United States. This segment also includes Walmart’s U.S. eCommerce website: walmart.com. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales.
How do other leading retailers compare to Walmart, in terms of sales revenue?
Walmart is far ahead of its rivals in the global fast moving consumer goods sector, with nearly double the retail sales of its closest competitors. In terms of historic sales revenue, Amazon and Costco have also witnessed the steady growth experienced by Walmart over the past number of years.
