How much money does Walmart make in a day?
The scale of a Walmart superstore is mindboggling, so too is the size of the company itself. That size results in the retail giant being a money machine.
Walmart’s goes by the slogan “Save money. Live better” and while it does offer some low prices to customers, the scale of the operation allows it to make incredible amounts of money. The retail giant’s empire extends far beyond the United States with over half of its branches located abroad.
Hundreds of millions visit its stores every week to buy everything from groceries to electronics to clothing and more. But those customers aren’t spread out evenly and some stores never turn a profit, or over time face competition making them unviable.
Walmart announced that it will close 23 stores in thirteen states this year that are underperforming. Those store closure will affect the states of Arkansas, Georgia, Florida, Hawaii, Illinois, Indiana, Kansas, Minnesota, New Mexico, Oregon, Texas, Washington, Wisconsin and the District of Columbia. However, the number of company branches still runs in the thousands.
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According to official data from its website, as of June 2023, Walmart has a total of 10,545 branches globally, of which 4,684 belong to the United States and 599 to Sam’s Club U.S. There are 5,262 branches worldwide.
Taking into account that, thanks to more than 10,500 Walmart branches, it is the largest employer worldwide, have you ever thought about how much money the company makes in a day?
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How much money does Walmart make in a day?
According to Walmart’s annual report, the company earned around $611.3 billion in fiscal year 2023, which means that every day it generates an average of approximately $1.67 billion. These numbers are possible thanks to the roughly 240 million customers who visit one of the branches each week, whether in the USA, internationally or at Sam’s Club.
Per hour, Walmart earns more than $6.97 million, and per minute approximately $1.16 million. These numbers have made the Waltons, owners of Walmart, one of the richest families in the United States.