Walmart’s goes by the slogan “Save money. Live better” and while it does offer some low prices to customers, the scale of the operation allows it to make incredible amounts of money. The retail giant’s empire extends far beyond the United States with over half of its branches located abroad.
Hundreds of millions visit its stores every week to buy everything from groceries to electronics to clothing and more. But those customers aren’t spread out evenly and some stores never turn a profit, or over time face competition making them unviable.
Walmart announced that it will close 23 stores in thirteen states this year that are underperforming. Those store closure will affect the states of Arkansas, Georgia, Florida, Hawaii, Illinois, Indiana, Kansas, Minnesota, New Mexico, Oregon, Texas, Washington, Wisconsin and the District of Columbia. However, the number of company branches still runs in the thousands.
READ ALSO: Why are Walmart stores closing in big cities across the US?
Companies ranked by number of employees:
1. 🇺🇸 Walmart: 2,300,000
2. 🇺🇸 Amazon: 1,541,000
3. 🇹🇼 Foxconn: 826,608
4. 🇮🇪 Accenture: 738,000
5. 🇩🇪 Volkswagen: 645,868
6. 🇮🇳 Tata Consultancy: 616,171
7. 🇩🇪 Deutsche Post: 583,816
8. 🇺🇸 United Parcel Service: 500,000
9. 🇺🇸 Kroger:…
According to official data from its website, as of June 2023, Walmart has a total of 10,545 branches globally, of which 4,684 belong to the United States and 599 to Sam’s Club U.S. There are 5,262 branches worldwide.
Taking into account that, thanks to more than 10,500 Walmart branches, it is the largest employer worldwide, have you ever thought about how much money the company makes in a day?
READ ALSO: Walmart will pay $4 million as compensation to customers
How much money does Walmart make in a day?
According to Walmart’s annual report, the company earned around $611.3 billion in fiscal year 2023, which means that every day it generates an average of approximately $1.67 billion. These numbers are possible thanks to the roughly 240 million customers who visit one of the branches each week, whether in the USA, internationally or at Sam’s Club.
Per hour, Walmart earns more than $6.97 million, and per minute approximately $1.16 million. These numbers have made the Waltons, owners of Walmart, one of the richest families in the United States.
FAQs
According to Walmart's annual report, the company earned around $611.3 billion in fiscal year 2023, which means that every day it generates an average of approximately $1.67 billion.
How much does a Walmart make a day? ›
On average, a U.S. Walmart store pulls in $1.1 billion annually, which translates to roughly $3 million in sales every single day.
How much profit does Walmart make per minute? ›
On average, Walmart makes a whopping $17,000 per second, $1.1 million per minute, and $68 million per hour in store sales! Additionally, Walmart makes $1.6 billion a day in revenue and a staggering $49 billion per month in sales. When combined, Walmart earns $559 billion per year as of 2022.
How much profit does Walmart make a year? ›
Walmart gross profit for the twelve months ending April 30, 2024 was $161.043B, a 7.46% increase year-over-year. Walmart annual gross profit for 2024 was $157.983B, a 7.06% increase from 2023. Walmart annual gross profit for 2023 was $147.568B, a 2.65% increase from 2022.
How much does Walmart owners make a day? ›
The brains behind Walmart pioneered many concepts that led to its success. Meet the Walton family. They're just like any other working Americans running a family business, except for the part where they earn US$100 million every single day.
What is the most stolen item at Walmart? ›
Packaged meat is the most shoplifted item in America - true also at Walmart locations.
How much does McDonalds make in a day? ›
McDonald's Revenue Per Day
So, how much money does McDonald's make per day? Well, let me break it down for you. In 2020, McDonald's reported total revenues of $19.21 billion. If we divide this figure by the number of days in a year (365), we can estimate that McDonald's makes approximately $52.66 million per day!
Who owns Walmart now? ›
It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.
How much does Target make a day? ›
For daily revenue, Target reports $256,331,507. A company's daily revenue is acquired by dividing their annual revenue with the number of days in a calender year. Since 2021 wasn't a leap year, Target made over $250 million every day.
What is the networth of Walmart? ›
Walmart Market Cap
Walmart has a market cap or net worth of $550.66 billion as of August 2, 2024. Its market cap has increased by 29.85% in one year.
April 21, 2023 at 5:30 a.m. Walmart Inc.'s chief executive earned $24.1 million in fiscal 2023, according to a government filing. That's about 933 times the median salary of a Walmart employee, the company said in a disclosure required by law.
Is Amazon bigger than Walmart? ›
For years, Walmart has held the title of America's biggest retailer by revenue, with sales reaching $648 billion last year. But Amazon is closing in fast with $575 billion in revenue, growing at a rate of 12% compared to Walmart's 6%.
What is Walmart's net income 93%? ›
"The result? Its net income spiked 93% to $10.5 billion towards the end of 2023. Walmart rewarded shareholders with $5.9 billion in buybacks and dividends." He added: "When I say price gouging is driving inflation, this is what I mean."
How many Walmart billionaires are there? ›
Legendary founder Sam Walton's three surviving children — Rob, Jim, and Alice — all rank highly on the Forbes rich list with personal fortunes of between $72 billion and $79 billion.
How rich is the family that owns Walmart? ›
The Waltons are the second richest family in the world with a fortune estimated at $259.7 billion thanks to their massive stake in Walmart (and only recently, in 2023, were usurped by the Al Nahyan family for the top spot.)
Who owns the most percent of Walmart? ›
Jim Walton is the largest shareholder of Walmart (NYSE: WMT). According to the company's latest proxy statement, the third child of company co-founder Sam Walton currently owns 31,521,372 shares worth around $2.1 billion.
Who is worth more Amazon or Walmart? ›
After announcing blockbuster financial results from the holiday quarter and its largest operating profit ever last week, Amazon is now worth nearly $1.8 trillion. The tech giant's market value is four times that of Walmart and, depending on what Walmart reveals when it reports its own fourth-quarter results on Feb.
Can I buy a Walmart franchise? ›
However, it's important to note that Walmart does not offer franchise opportunities. Walmart operates as a corporate-owned retail chain, meaning all its stores are owned and operated by the company itself. If you're interested in starting a retail business, you may explore other franchise opportunities in the market.
Who currently owns Walmart? ›
It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.
