Company Description
Walmart Inc. (WMT) is a people-led, tech-powered omnichannel retailer in the retail trade sector, classified under all other general merchandise stores. According to company disclosures, Walmart focuses on helping people save money and live better in stores, online, and through mobile devices. Each week, approximately 270 million customers and members visit more than 10,750 Walmart stores and numerous eCommerce websites across 19 countries, reflecting the company’s global retail footprint.
Walmart’s business model centers on combining value, assortment, and convenience. The company highlights its Every Day Low Prices and broad selection of groceries, wellness products, and general merchandise as core elements of its offering. It operates physical stores, including Supercenters, Sam’s Club locations, and other formats, alongside eCommerce platforms, enabling customers to shop in person, online, or via app with flexible pickup and delivery options.
Business Segments and Operations
Based on available information, Walmart’s operations span three reporting segments: Walmart U.S., Walmart International, and Sam’s Club. Polygon data indicates that Walmart U.S. accounts for the majority of sales, followed by Walmart International and Sam’s Club. Within the United States, a significant portion of revenue comes from grocery offerings, with additional contributions from general merchandise. Internationally, operations are concentrated in markets such as Mexico, with additional exposure in India.
The company also invests in its own supply chain and manufacturing capabilities. For example, Walmart has opened owned and operated milk processing facilities, including a plant in Valdosta, Georgia, to support its Great Value and Sam’s Club Member’s Mark brands. These facilities process and bottle a variety of milk options and supply hundreds of Walmart stores and Sam’s Clubs in the Southeast, supporting Walmart’s focus on affordable, high-quality milk and reinforcing its commitment to U.S. manufacturing and local sourcing.
Omnichannel and Technology Focus
Walmart describes itself as an omnichannel retailer that integrates physical stores with digital experiences. The company emphasizes fast delivery, same-day pickup, and app-based shopping as key parts of its customer proposition. During major shopping periods such as Black Friday and Cyber Monday, Walmart has highlighted its nationwide same-day delivery network, supported by thousands of stores, which serves a large majority of U.S. households in under three hours.
Technology plays a central role in Walmart’s strategy. The company refers to itself as tech-powered and has introduced generative AI tools and digital assistants to support shopping and discovery. For example, Walmart has deployed a Gen AI-powered assistant called Sparky to help customers compare products, plan events, and find gift ideas. Walmart has also announced a collaboration with Google to integrate Walmart and Sam’s Club products and services directly into Google’s Gemini, using the Universal Commerce Protocol to make agent-led commerce and AI-driven discovery part of the shopping journey.
Customer Experience and Store of the Future
Walmart continues to evolve its store formats and layouts to reflect how customers live, work, and commute. New Supercenters, such as the Eastvale, California location, are described as part of Walmart’s Store of the Future concept. These stores feature modern, more open layouts, expanded home and apparel offerings, and interactive digital touchpoints, including QR codes and digital shelf labels, to make in-store shopping more efficient and connected.
In Eastvale, Walmart emphasizes a digital-first shopping experience, flexible fulfillment options, and essential services. The Supercenter offers a broad assortment of groceries and everyday essentials at Every Day Low Prices, as well as a pharmacy with low-cost prescriptions through Walmart’s $4 Prescription Program (subject to state variations), immunizations, a clinical services room, a Vision Center, and a fuel station. The store also incorporates fast, flexible shopping options such as delivery in as little as an hour, including prescriptions, and convenient pickup.
Health, Wellness, and Community Engagement
Walmart has expanded its focus on health and wellness. The company introduced Better Care Services, a digital destination designed to make healthcare easier and more affordable. Through this platform, customers can access a curated network of third-party providers for urgent care and behavioral health, as well as access to LillyDirect. After consultations, Walmart’s pickup and delivery options, including free delivery for Walmart+ members where applicable, help customers obtain prescriptions and over-the-counter products.
Better Care Services also features Walmart’s Nutrition Hub, powered by Everyday Health Signals, an opt-in AI-driven experience that delivers personalized food and recipe recommendations to support healthier, budget-conscious choices. Walmart complements these services by rolling back prices on more than 1,000 wellness-focused items across food, supplements, over-the-counter products, and fitness essentials, and by hosting Wellness Events at thousands of pharmacies with free health screenings, low-cost immunizations, and wellness consultations.
Community investment is another recurring theme. In connection with new facilities and store openings, Walmart has made local grants to organizations supporting safety, health, youth, and family programs. For example, at the Valdosta milk facility opening, Walmart awarded grants to local organizations and noted substantial charitable donations across Georgia in a recent fiscal year. Similarly, the Eastvale Supercenter opening included community grants that reflect Walmart’s stated commitment to supporting strong, thriving communities.
Scale, Employment, and Corporate Priorities
Walmart reports fiscal year 2025 revenue of $681 billion and approximately 2.1 million associates worldwide, underscoring its scale as a global retailer. The company notes that it serves hundreds of millions of customers each week across its store network and eCommerce sites. Walmart also emphasizes its role in employment, offering competitive pay, benefits, and career growth opportunities, including education and training programs such as Live Better U, which provides company-paid skills certificates and college degrees for eligible associates.
Across multiple disclosures, Walmart highlights its ongoing focus on sustainability, corporate philanthropy, and employment opportunity. While specific initiatives are not detailed in the provided materials, the company consistently references these themes as central to its identity and long-term strategy.
Capital Markets and Listing Information
Walmart’s common stock trades under the symbol WMT. Historically, the company listed its common stock and various notes on the New York Stock Exchange. An 8-K dated November 19, 2025, and a subsequent Form 25 indicate that Walmart voluntarily withdrew the listing of its common stock and several series of notes from the NYSE and transferred these listings to The Nasdaq Stock Market LLC. A press release notes that Walmart began trading on Nasdaq on December 9, 2025, describing the move as part of a new chapter in its public markets history and aligning with its focus on technology-driven innovation.
Walmart’s journey in the public markets began when it listed on the New York Stock Exchange on October 1, 1972. Over subsequent decades, the company completed multiple stock splits and has increased its annual dividend for more than 40 consecutive years, according to company statements, illustrating a long record of shareholder returns and capital markets activity.
Leadership and Governance Developments
Recent SEC filings and press releases describe several governance and leadership updates. An 8-K dated November 11, 2025, reports that the then-president and chief executive officer notified the company of plans to retire from that position effective at the close of business on January 31, 2026, while continuing as an executive officer and director for a defined period. The same filing notes that John R. Furner was appointed as president and chief executive officer effective February 1, 2026, and elected to the Board, reflecting planned leadership transition.
Another press release announces the appointment of Shishir Mehrotra to Walmart’s Board of Directors, where he will serve on the Compensation and Management Development Committee and the Technology and eCommerce Committee. Walmart’s communications emphasize that board composition and leadership roles support its strategy as a people-led, tech-powered retailer focused on agentic AI and digital transformation.
Insider Activity and Executive Plans
Several 8-K filings describe Rule 10b5-1 trading plans adopted by senior executives, including the Chief People Officer, the Executive Vice President for AI Acceleration, Product and Design, and the Executive Vice President and Chief Financial Officer. These plans are described as part of long-term asset diversification, tax, and financial planning strategies, implemented in accordance with Walmart’s Insider Trading Policy. The filings specify that executives have no discretion over timing or execution of trades under these plans and that they remain subject to stock ownership guidelines requiring holdings equal to a multiple of base salary.
Position Within Retail Trade
Within the retail trade sector and the all other general merchandise stores industry classification, Walmart’s disclosures highlight its role as an omnichannel retailer with a large store base, extensive eCommerce operations, and integrated supply chain investments. Polygon data describes Walmart as the world’s largest retailer by sales, with tens of billions of dollars in revenue and operations across multiple segments and countries. The company’s focus on technology, AI, logistics, and health and wellness offerings illustrates how it seeks to evolve beyond traditional brick-and-mortar retail while maintaining an emphasis on value and accessibility.