Walmart Inc. (WMT)

Walmart Inc. is a people-led, technology-powered omnichannel retailer whose stated purpose is to help people save money and live better. It lets customers shop in retail stores and through eCommerce, and offers other services alongside. Each week it serves about 280 million customers at more than 10,900 stores in 19 countries and through its eCommerce websites and mobile applications. Its pricing philosophy is everyday low prices (EDLP), backed by a commitment to everyday low cost (EDLC) so that cost savings are passed on to customers. In fiscal 2026 (ended January 31, 2026) it generated total revenues of $713.2 billion, of which net sales were $706.4 billion. The business began with Sam Walton's Ben Franklin variety store in 1945, and the company went public in 1970.

The company has three reportable segments. Walmart U.S. is the largest, with 4,611 stores under the Walmart and Walmart Neighborhood Market brands plus walmart.com and its mobile app. It had net sales of $483.0 billion, or 68% of the consolidated total. It sells grocery, general merchandise (entertainment, hardlines, fashion and home) and health and wellness products, including many private brands such as Great Value, Equate and Mainstays. It also offers the Walmart+ membership, advertising, marketplace and fulfillment services, fuel and financial services. Walmart International has 5,743 stores in 18 countries and net sales of $130.4 billion, or 19% of the total. It runs supercenters, supermarkets, warehouse clubs and cash and carry formats, plus eCommerce sites including Flipkart and PhonePe in India. Sam's Club U.S. is a membership-only warehouse club with 601 clubs, net sales of $93.0 billion (13% of the total) and membership income as a significant part of its operating income. It has Club ($50) and Plus ($110) membership tiers, and sells grocery, general merchandise, health and wellness, and fuel, including under the Member's Mark private label.

Its customers are consumers, families and club members in the U.S., Africa, Canada, Central America, Chile, China, India and Mexico, served through stores, pickup and delivery from over 8,400 locations globally, and digital channels. Its offerings for suppliers, brands and online marketplace sellers include advertising solutions, fulfillment capabilities and data analytics. The business is somewhat seasonal, with the highest sales volume in each segment historically coming in the fourth fiscal quarter.

Walmart buys merchandise from U.S. and international suppliers, often sourcing perishables from producers near its stores. In the U.S. it uses 192 distribution facilities, with a private truck fleet and common carriers. Outside the U.S. it uses 179 distribution facilities. Most store and club merchandise passes through these facilities, and the rest ships directly from suppliers. Online orders are fulfilled from stores, clubs, eCommerce fulfillment centers and other distribution facilities. The company competes with brick-and-mortar, eCommerce and omnichannel retailers across discount, grocery, drug, dollar, specialty and warehouse club formats, as well as with providers of digital advertising, delivery, health and financial services. It had approximately 2.1 million associates as of January 31, 2026. Its principal offices are in Bentonville, Arkansas, and its common stock trades on the Nasdaq Global Select Market under the symbol "WMT."