Walmart 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 55 different names.
On February 20, 2020, Walmart Inc. announced its fiscal year 2020 results. For the fiscal year ended January 31, 2020, Walmart reported net income of $13.6 billion, or $4.38 per diluted share, on revenues of $524.4 billion. This compared with net income of $3.8 billion, or $1.29 per diluted share, on revenues of $486.8 billion in fiscal 2019.
Is Walmart stock expected to go up?
The answer to this question is difficult to say for certain since the stock market is ever-changing and unpredictable. However, analysts believe that Walmart’s stock is expected to rise in the coming months due to the company’s recent strong fiscal results.