Everyone Knows That Walmart Is the Largest Retailer in the World. But in the Coming Year, the Company Expects Nearly $6 Billion in Profits From 2 Places You Might Not Expect.
With nearly $650 billion in revenue in its fiscal 2024, Walmart (NYSE: WMT) is the largest retailer in the world, even larger than huge retail businesses such as Amazon and Costco Wholesale. And indeed, Walmart generates the majority of its revenue from selling physical retail products in its more than 10,000 brick-and-mortar store locations.
Walmart stock has underperformed the market over the past decade. However, as the chart shows, returns have still been quite good. If you invested $10,000 in Walmart stock 10 years ago and reinvested dividends, you'd have over $28,000 today.
Source Fool.com