Walmart is the world's biggest retailer, with extra than 11,000 shops in 27 countries The company was founded in 1945 and it has been consistently growing since its inception. In addition to retail operations, Walmart also offers a variety of other services such as eCommerce, logistics, and food service. As of March 31st 2019, the company's revenue totaled $482 billion while its net income totaled $16 billion
Walmart Net Worth
$365 Billion
Walmart is a multinational corporation that operates over 11,000 stores in 28 countries. The company was founded by Sam Walton in his hometown of Bentonville, Arkansas in 1962. He started with $8,000 and opened his first store in Rogers, Arkansas six years later. Today, Walmart has more than 4 million employees worldwide and over 10 million customers who visit its retail locations every week.
Name Walmart
Owner: Walton family
Net Worth 2022 $365 Billion
Net Worth in Indian Rupees 27 Lakh Crore
Net income: $13 Billion
Revenue $576 Billion
Total Assets $66,038 Million
PE Ratio 20.19
Founder: Sam Walton
CEO Doug McMillon (1 Feb 2014–)
Headquarters: Bentonville, Arkansas, United States
Founded: 2 July 1962, Rogers, Arkansas, United States
Number of employees 2,300,000 (Jan. 2022)
Subsidiaries: Sam’s Club, Walmart Canada, Bodega Aurrerá, MORE
Website walmart.com
Walmart Revenue 2022
Walmart revenue for the twelve months ending April 30, 2022, was $576.013 Billion
Walmart annual revenue for 2022 was $572.754 Billion
Walmart annual revenue for 2021 was $559.151 Billion
Walmart annual revenue for 2020 was $523.964 Billion
Year (Millions of US $)
2022 $576,754
2021 $559,151
2020 $523,964
2019 $514,405
2018 $500,343
2017 $485,873
2016 $482,130
2015 $485,651
2014 $476,294
Walmart Net Income
Walmart net income for the twelve months ending April 30, 2022, was $12.997 Billion
Walmart annual net income for 2022 was $13.673 Billion
Walmart annual net income for 2021 was $13.51 Billion
Walmart annual net income for 2020 was $14.881 Billion
Year (Millions of US $)
2022 $13,673
2021 $13,510
2020 $14,881
2019 $6,670
2018 $9,862
2017 $13,643
2016 $14,694
2015 $16,363
2014 $16,022
2013 $16,999
Evolution
Walmart first came into existence in 1962. Although, its story started way back in 1945 when Sam Walton sold a branch of Ben Franklin stores from Butler Brothers. His purpose become to promote products at a lower price to get higher volumes of income. Though, initially, he struggled to make a profit. However, very soon he become capable of discovering decrease-fee suppliers, which increased the sales by 45% in the first year of ownership. During its first year, the company was making revenue of $105,000, and within 5 years, its revenue increased to $250,000.
The first official Walmart store was opened in Rogers, Arkansas, in 1962. The call for the logo was inspired by FedMart, a chain of discounted departmental stores. In 1969, the company unfold its legs from Arkansas to Missouri, Oklahoma, etc. In 1969, the company was incorporated under the name of Wal-Mart, Inc., which later modified to Wal-Mart Stores Inc., in 1970. The enterprise was listed on New York Stock Exchange in 1972. By 1988, Walmart became the most profitable retailer in the US.
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Walmart Total Assets
Walmart total assets for the quarter ending April 30, 2022, were $246.142 Billion
Walmart total assets for 2022 were $244.86 Billion
Walmart total assets for 2021 were $252.496 Billion
Walmart total assets for 2020 were $236.495 Billion
Year (Millions of US $)
2022 $244,860
2021 $252,496
2020 $236,495
2019 $219,295
2018 $204,522
2017 $198,825
2016 $199,581
2015 $203,490
2014 $204,751
Achievements
Walmart has numerous achievements under its name. It is the company with the highest revenue, and due to that, Walmart Inc. is the world’s biggest company by sales. Its current annual sales is around $576 Billion. The corporation is also known for the number of employees it creates, with its employee count raising to 2.2 million. The company has also accomplished charity, and its entire concept was to run efficiently, at a lower price than others. Working in extra than 24 countries, and operating more than 10,500 stores is quite an achievement.
Walmart Total Liabilities
Walmart total liabilities for the quarter ending April 30, 2022, were $160.542 Billion
Walmart total liabilities for 2022 were $152.969 Billion
Walmart total liabilities for 2021 were $164.965 Billion
Walmart total liabilities for 2020 were $154.943 Billion
Year (Millions of US $)
2022 $152,969
2021 $164,965
2020 $154,943
2019 $139,661
2018 $123,700
2017 $118,290
2016 $115,970
2015 $117,553
2014 $123,412
Conclusion
Walmart is a retail company with over 11,000 stores worldwide. It was founded in Arkansas in 1962 by Sam Walton and now has a market cap of $183 billion. The company is one of the largest private employers in the world and had revenues of $485 billion in 2018.
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