5 Largest Retailers in the US in 2022

1. Walmart Inc. (NYSE:WMT)

Market Cap: $379.80 billion

Walmart Inc. (NYSE:WMT) is the world’s biggest retailer operating 10,500 stores around the world. The company sells a mix of general products and food items. The domestic market accounts for a majority of the company’s sales, accounting for 82% of the total revenues in the fiscal year 2022. The company also has a stake in leading e-commerce sites like JD.com.

The company posted strong results during the fiscal year 2022, with revenues of $572.7 billion, up from 2.42% from $559.1 billion during the fiscal year 2021. The company continued to increase its e-commerce sales as well in fiscal year 2022, with the segment posting a YoY growth of 11.0%.

Here is what Leaven Partners has to say about Walmart Inc. (NYSE:WMT) in its Q3 2022 investor letter:

In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Walmart (NYSE:WMT), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%^[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.

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