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 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 money does a Walmart make in a week? ›
Walmart Salary in California
| Annual Salary | Weekly Pay |
|---|
| Top Earners | $204,658 | $3,935 |
| 75th Percentile | $58,753 | $1,129 |
| Average | $72,404 | $1,392 |
| 25th Percentile | $20,074 | $386 |
Average Walmart Business Owner hourly pay in the United States is approximately $21.35, which is 25% above the national average. Salary information comes from 2 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.
How much does a Walmart franchise owner make? ›
Total salary range for Walmart Owner
Create an anonymous post and get feedback on your pay from other professionals. The estimated total pay range for a Owner at Walmart is $80K–$150K per year, which includes base salary and additional pay. The average Owner base salary at Walmart is $107K per year.
How much does Walmart generate 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.
What is Google's 1 minute income? ›
Estimates for Google's 1-minute income vary depending on the source and the specific timeframe used. $344,000: This number comes from Enterprise Apps Today, which cites 2023 statistics. $420,000: This figure was reported by Statista based on Alphabet's (Google's parent company) Q3 2021 earnings.
What is the highest paying job at Walmart? ›
Some of the highest wages a worker can make at Walmart are in the job titles Director Of Software Engineering ($271,000), and title Director Of Product Management ($263,037) which are the highest paying jobs at Walmart.
How much does Walmart lose to theft? ›
According to a recent Lending Tree survey of 2,000 Americans, theft at self-checkouts is a real issue, and individuals who engage in it are likely to repeat the behavior. Walmart has faced losses from retail theft, with estimates of 3 2021, 3billion in 2021,6.1 billion in 2022, and $6.5 billion in 2023.
Who is the owner of Walmart? ›
In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion. Walmart is also the largest private employer in the world with 2.1 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family.
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.
How much does the Walmart family make per day? ›
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. Sam Walton founded Walmart, a multinational retail corporation, in 1962 and his heirs have since helped transform it into a multi-billion revenue-churning machine.
Can I make a living working at Walmart? ›
Yes. Many Walmart employees do. A regular employee does not make a great deal of money, but there are supervisory positions that pay better. With $30k/year salary for a full time employee, one may be able to survive, but not live a high life.
What is the most profitable franchise to own? ›
McDonald's. People commonly think McDonald's is the best franchise to buy due to its high profit margins and brand recognition.
What Walmart has the highest sales? ›
Walmart is mainly divided into three divisions: Sam's Club, Walmart International, and Walmart U.S., with the latter generating most of the company's sales.
How wealthy is Walmart? ›
Interactive chart of historical net worth (market cap) for Walmart (WMT) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Walmart net worth as of August 16, 2024 is $588.63B.
What is Walmart's profit margin over time? ›
Walmart's gross profit margin decreased in 2020 (24.7%, -1.6%) and 2023 (24.1%, -3.8%) and increased in 2021 (24.8%, +0.6%), 2022 (25.1%, +1.1%), and 2024 (24.4%, +1.0%).
Why is Walmart's profit margin so low? ›
The product of low profit margin and magnificent sales revenue (on account of huge volume) yields respectable profit. The strategy being used by Walmart is to attract the mass market or the larger proportion of population which has average income level or less than average income level.
How much does Big Tech make every minute? ›
Big Tech Just Keeps Getting Bigger
| Company | Revenue Per Minute |
|---|
| Amazon | $955,517 |
| Apple | $848,090 |
| Alphabet (Google) | $433,014 |
| Microsoft | $327,823 |
3 more rowsMar 31, 2021
Walmart (WMT) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.38%.
