Walmart Inc. (NASDAQ: WMT)

Walmart Inc. is a people led technology powered omnichannel retailer dedicated to helping people around the world save money and live better by providing the opportunity to shop in retail stores and through eCommerce and to access its service offerings. Each week the company serves approximately 280 million customers who visit more than 10,900 stores in 19 countries and use its numerous eCommerce websites and mobile applications.

The company generates revenue primarily from the sale of merchandise through its retail stores, warehouse clubs and eCommerce platforms. Net sales consist of groceries, general merchandise, health and wellness products and other categories such as fuel, financial services, advertising, marketplace and fulfillment services. Membership fees from Sam's Club and Walmart+ also contribute to operating income.

The company operates through the following segments: Walmart U. S., Walmart International and Sam's Club U. S.

• Walmart U. S. operates 4,611 stores across all 50 states, Washington D. C. and Puerto Rico under the Walmart and Walmart Neighborhood Market brands. It provides a seamless omnichannel experience integrating retail stores and eCommerce, including site to store pickup and delivery. The segment sells groceries, general merchandise such as electronics, toys, apparel and home goods, and health and wellness products including pharmacy and optical services. Walmart U. S. also offers private label brands like Great Value and Equate, advertising solutions for brands, supply chain and fulfillment services to online marketplace sellers, and financial services such as money transfers and check cashing.

• Walmart International operates 5,743 stores across 18 countries outside the United States through wholly owned subsidiaries in Canada, Chile, China and Africa and majority owned subsidiaries in India, Mexico and Central America. It offers retail and wholesale formats including supercenters, supermarkets, warehouse clubs and cash and carry stores along with eCommerce through websites and mobile applications. The segment provides an omnichannel experience with pickup and delivery services from approximately 3,300 locations. Walmart International sells groceries, general merchandise and health and wellness products, leveraging both global private brands and market specific brands such as Aurrera and Lider. It also builds advertising, marketplace, fulfillment, financial services and healthcare offerings in its international markets.

• Sam's Club U. S. operates 601 membership only warehouse clubs in 44 states and Puerto Rico and runs samsclub.com and the Sam's Club mobile application. It offers two membership tiers: Club membership for a fifty dollar annual fee and Plus membership for a one hundred ten dollar annual fee, providing benefits such as free curbside pickup, free delivery from club, fuel discounts and Scan & Go mobile checkout. The segment sells groceries, general merchandise including home improvement, technology and entertainment items, health and wellness services such as pharmacy, optical and hearing care, and fuel. Sam's Club U. S. also provides the Member's Mark private label brand, advertising solutions for brands, operational insights for suppliers, and additional services such as tire and battery installation, photo and tech assistance, and certain financial services.

Walmart Inc. holds a leading position in the global retail industry as one of the largest retailers by revenue and store count. The company competes with brick and mortar stores, eCommerce platforms, omnichannel retailers, discount and department stores, supermarkets, supercenter type stores, membership only warehouse clubs, gasoline stations and social commerce platforms. Its competitive advantages stem from its everyday low pricing strategy, everyday low cost focus, extensive supply chain network, scale, technology investments including AI powered tools, and a robust omnichannel model that integrates physical stores with digital services.

The company serves a broad base of individual consumers and families who shop for groceries, household goods, apparel and electronics across its retail stores and eCommerce sites. Sam's Club U. S. additionally serves small business owners and institutions that require bulk purchasing and warehouse club services. Walmart International serves customers in diverse markets ranging from urban centers to rural communities in the countries where it operates.