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
The retailer makes around $1.56 billion in one day and approximately $49 billion in monthly revenue. Walmart has posted these results for the last decade, with some years surpassing the $1 billion mark. From serving its nearly 36 million customers globally daily, Walmart has made massive profits over the years.
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? ›
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 money does Walmart keep on hand? ›
Cash on Hand as of January 2024 : $9.86 B
According to Walmart's latest financial reports the company has $9.86 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
What is the net worth of Walmart? ›
Walmart has a market cap or net worth of $539.08 billion as of June 14, 2024. Its market cap has increased by 31.56% in one year.
What is Walmart CEO's salary? ›
Walmart CEO Doug McMillon received $26.9 million in total compensation last fiscal year. The median compensation for Walmart employees was $27,642, per the company's annual proxy statement. Since 2009, McMillon has been paid $136 million for his work as a Walmart executive.
How much does Walmart lose to theft? ›
According to the retail consultant Strategy Resource Group, the average retailer has seen sales loss due to theft reach 2-3% this year, much higher than the 0.7-1% level before the pandemic. This percentage would translate to $12-18 billion in losses for Walmart for the past year.
How much debt does Walmart have? ›
Total debt on the balance sheet as of January 2024 : $61.32 B. According to Walmart's latest financial reports the company's total debt is $61.32 B. A company's total debt is the sum of all current and non-current debts.
How much does Walmart owners make a day? ›
The report breaks that out to the Walton fortune increasing by an eye-watering $70,000 per minute, $4 million per hour or $100 million per day.
What Walmart makes the most money? ›
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.
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 rich is the CEO of Walmart? ›
The estimated net worth of C Douglas Mcmillon is at least $299 Million dollars as of 2024-05-02. C Douglas Mcmillon is the President and CEO of Walmart Inc and owns about 5,078,220 shares of Walmart Inc (WMT) stock worth over $299 Million.
Is the owner of Walmart a billionaire? ›
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 much does a retail store make a day? ›
State by state comparison
| State | Daily Sales Revenue | Sales rev vs national |
|---|
| California | $1,079 | 12% |
| Colorado | $1,003 | 4% |
| Connecticut | $932 | -3% |
| Delaware | $1,192 | 24% |
6 more rowsA 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.
Which Walmart position pays most hourly? ›
What are Top 5 Best Paying Related Walmart Employee Jobs in California
| Job Title | Annual Salary | Hourly Wage |
|---|
| Delivery Walmart | $96,458 | $46.37 |
| Walmart Innovation | $93,110 | $44.76 |
| Driver Walmart | $84,195 | $40.48 |
| Walmart Corporate Office | $81,474 | $39.17 |
1 more row