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Walmart (Nasdaq: WMT) is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. It also owns and operates the Sam’s Club retail warehouses. The company was founded by the Walton family in 1969 before it subsequently went public in 1972. As of January 2023, Walmart had 10,500 stores and clubs in 20 countries, serving approximately 240 million customers every week. Walmart generated revenue of USD 611.3 billion in FY2023 (year ending January 31).

Walmart conducts its business operations under three segments: Walmart U.S., Walmart International, and Sam’s Club. All three segments offer a wide range of products, including groceries, clothing, electronics, household goods, and more. Additionally, WMT has expanded into ecommerce, operating an online marketplace that provides customers with the option of shopping for products through its website and mobile applications. 

The US is Walmart’s largest market (~69% of total revenue in FY2023), followed by Mexico and Central America, Canada, China, and other Asian and European countries. Walmart expects revenue growth of 2.5%–3.0% in FY2024. The company also expects to invest up to USD 17 billion–18 billion in FY2024, with a focus on supply chain, technology, and customer-facing initiatives. Walmart has set a target to achieve zero emissions in its operations by 2040.

HQ Location:
702 SW 8th Street Bentonville AR USA
Founded year:
Key CVC / asset management units:
Store No 8
Walmart Labs
Financial Services
Hospitality & Travel
Transportation & Logistics
Education & Public Services
Sports & Entertainment
Ecommerce Platforms
Ecommerce Platforms
Automated Stores
Automated Stores
Furniture Tech
Furniture Tech

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Recent Updates

Product updates
Apr 5, 2024
Walmart to remove self-checkout lanes at Cleveland shopping center
Automated Stores
Product updates
Mar 6, 2024
Walmart extends AR virtual try-on feature to include hair color products
Extended Reality
Mar 1, 2024
Walmart closes self-checkout lanes in Los Angeles
Automated Stores
Geographic expansion
Feb 27, 2024
Alphabet's Wing and Walmart begins drone-based deliveries in North Richland Hills, Texas
Last-mile Delivery Automation
Product updates
Jan 30, 2024
Walmart expands use of AR for eyewear virtual try-on
Extended Reality
Product updates
Jan 10, 2024
Walmart announces beta AR social commerce platform 'Shop With Friends' at CES 2024
Extended Reality
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