Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.
It also owns and operates Sam’s Club retail warehouses. As of January 31, 2020, Walmart has 11,484 stores and clubs in 27 countries, operating under 57 different names. The company has 2.2 million employees and other assets of $388 billion.
In terms of revenue, Walmart is the world’s largest company by revenue as of 2019. For the fiscal year ending January 31, 2020, Walmart reported earnings of $20.8 billion, or $1.38 per share on an adjusted basis.
Walmart is one of the world’s most valuable companies by market value, and is also the largest grocery retailer in the U.S.
The company was led by CEO Doug McMillon since 2014. McMillon has pushed for a shift toward e-commerce initiatives to compete with Amazon.com.
How much percentage does Walmart own of Asda?
Walmart owns a majority stake in Asda, a British supermarket chain with more than 600 stores across the UK. The exact percentage that Walmart owns has not been disclosed, but it is estimated to be around 60%.
