Solution
Anjali answered on
Mar 22 2024
Topic: Walmart profits grow as consumers continue to spend
Description of Company
Walmart is a USA based company that deals in retail sector and operates a chain of hypermarkets, grocery stores and department stores in country. It was founded by
others Sam and James "Bud" Walton in nea
y Rogers, Arkansas in 1962, as of now this company has 10,586 stores in different countries like Canada, Mexico and USA. Walmart is the world’s largest company in concern of revenue, in Feb. 2023 the revenue of the company was noticed as $611.3 billion. Alongside this it is the largest company to employee private employees in the world that is 2.2 million (Ozbun, 2023). The largest retailer of the nation announced that total revenue has been rosed to 152.9 billion in a quarter ending in January. The company reported the earnings of $1.53 per share and CEO of this company said “We had another strong quarter to finish off a strong year, (walmart, 2020)”
Introduction
As the largest grocery chain of the country the Walmart especially susceptible to the impact of inflation, that is noticed as highest in four decades of USA. Still this company employed 1.6 million employee and also increasing wages according to the need of the employees. By the use of this strategy it is easy for the company to compete and sustain in the market of USA. It is expected by the officials of the company that this company will notice a growth of 4% in total sales in the upcoming year. This company deals in different products like Food, drinks, groceries, clothing, footwear, furniture, decor, accessories, bedding, bath, school and office supplies, electronics, appliances, house wares, toys, tools, gifts, games, books, beauty products, jewellery, movies, musical instruments, pet supplies, hygiene products, health products, baby products, garden center, pharmacy, photo centre, sporting goods, and auto centre. In this approach an objective analysis of the company revenue has been performed that help to quantify the growth of the business in terms of sales, revenue during...