Walmart Inc. (WMT) is the world’s biggest retail company, with trailing-12-month revenue of more than $600 billion. It engages in both the retail and wholesale business, marketing and selling an assortment of merchandise and services at stores and online at low prices worldwide.
For the third quarter of fiscal 2023, the company’s revenue grew 8.7% year-over-year globally, with strength in Walmart U.S., Sam’s Club U.S., Flipkart, and Walmex. An increase of 8.2% in Walmart comp sales (excluding fuel) and a 10% surge in its Sam’s Club comp sales helped to drive the growth.
