Walmart is a big one. It’s even bigger than the world’s second most massive corporation, Chevron. The company is still a relatively nimble, low-margin store, making low-margin purchases and reselling them at much higher prices, but its growth is spectacular. The numbers are staggering:
- Revenue (TTM): $542.0 billion
- Net Income (TTM): $17.9 billion
- Market Cap: $392.8 billion
- 1-Year Trailing Total Return: 22.4%
The company had revenues in 2013 above $420 billion, a number that dwarfed everything on earth except for Microsoft. In 2012 Walmart sold nearly 1.8 trillion dollars’ worth of merchandise. The company’s CEO Michael Duke was so pleased with that achievement that he made fun of his employees in a tweet.
In the past 10 years, the average CEO made around 50 times more than what his hourly employees made. And the average worker now makes 10 times what they received in 1968.
How did a company as little as Walmart goes global, in the mid-1940s, and stay there for nearly four decades?
Recently there has been a lot of talk about how Walmart is a corporation. They are indeed for-profit. However, this means that they do more than the usual business and have employees. Walmart operates in five different regions of operation: the Americas, Asians (China and Australia), Europe, Mexico, and Pacific Rim. Walmart has become the world’s biggest retailer and has its sights set on becoming the largest grocery store chain in the united states alone. Their mission is to do more than making a profit, which is the normal motivation for companies, however, through their success they have achieved the status of a global corporation.
Their main headquarters are located in Dallas, Texas. Walmart is led by the CEO, Doug McMillon, and the CMO, Greg Foran. They have a workforce of more than one million employees. The majority of this workforce are employees of Walmart USA. There are also employees and vendors who do business with Walmart, including their vendors and suppliers. Walmart’s main division is the Walmart U.S.A. Corporation. The business also has affiliates outside the United States, which are Walmart Mexico, Walmart UK, and Walmart.