WALMART INC shareholders Q2 2023

About WALMART INC

Walmart Inc. is one of the largest retail corporations in the world, with a presence in over 25 countries. The company was founded in 1962 by Sam Walton and has since grown to become a household name. Walmart operates a chain of hypermarkets, discount department stores, and grocery stores, offering a wide range of products at competitive prices.

In recent years, Walmart has been investing heavily in e-commerce, with the aim of competing with online retail giant Amazon. The company has made several acquisitions, including Jet.com and Bonobos, and has also partnered with Google to offer voice-activated shopping through Google Assistant.

Walmart's financial performance has been strong, with the company reporting revenue of $524 billion in fiscal year 2020. The company's net income was $14.9 billion, up from $6.7 billion in the previous year. Walmart's stock price has also performed well, with the company's shares trading at around $140 as of August 2021.

Despite its success, Walmart has faced criticism over its treatment of employees and its impact on local communities. The company has been accused of paying low wages and providing inadequate benefits to its workers, and has also been criticized for driving small businesses out of business.

Overall, Walmart remains a major player in the retail industry, with a strong financial position and a growing e-commerce presence. However, the company will need to address its social and environmental impact if it hopes to maintain its position as a leader in the industry.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.