Wal-Mart's Profits: Nearly $20,000 (Per Minute, That Is) (Published 2005) (2024)

FAQs

Wal-Mart's Profits: Nearly $20,000 (Per Minute, That Is) (Published 2005)? ›

Feb 27, 2005 — Wal-Mart reported that its profits for the previous fiscal year were $10.3 billion, or almost $20,000 per minute. Wal-Mart's revenues for the year were $288 billion, up from $259 billion the previous year.

Net sales for the year ended January 31, 2005, were $285.2 billion, an increase of 11.3 percent over the year ended January 31, 2004. Income from continuing operations for fiscal 2005 increased 15.9 percent to a record $10.3 billion, up from $8.9 billion in fiscal 2004.

Wal-Mart Wages

In 2005, the company reported an average hourly wage of $9.68 per hour. An earlier study of pay scales in California found that Wal-Mart employees earned 26 percent less than workers in comparable jobs, defined as retail firms with 1,000 or more workers.

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.

Walmart gross profit for the twelve months ending January 31, 2024 was $157.983B, a 7.06% increase year-over-year. Walmart annual gross profit for 2024 was $157.983B, a 7.06% increase from 2023. Walmart annual gross profit for 2023 was $147.568B, a 2.65% increase from 2022.

An investment of $1,000 at the start of 1980 would be worth over $1.9 million today. Watch Walmart stock trade in real time here.

Walmart loses approximately $3 billion every year due to theft and shoplifting incidents. What percentage of shrink in Walmart is attributed to theft? Approximately 75% of shrink (inventory loss) is attributed to theft in Walmart stores.

How much money does Walmart take in every minute? ›

Walmart made more than $559 billion in revenue in the fiscal year 2021. This is because to the enormous number of sales made in their stores on a daily basis. Taking this statistic into consideration, Walmart's income equals about $1.1 million every single minute. What is the average daily sales of a grocery store?

The Saudi Arabian Oil Company, known to most as Saudi Aramco, is by far the world's most profitable company, raking in a stunning $304 million of profits every day.

Smith, an alderman in Chicago, presented posters at a city council meeting showing that Walmart CEO Michael Duke's $35 million salary, when converted to an hourly wage, worked out to $16,826.92.

While Wal-Mart Stores as a corporate legal name is rarely used in public-facing materials or in stores themselves, CEO Doug McMillon said in a statement that he felt the name change was needed to be “consistent with the idea that you can shop us however you like as a customer.” He added: “Our customers know us as ...

In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion. Walmart is also the largest private employer in the world with 2.2 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family.

The Walton family fortune tumbled almost $19 billion on Tuesday after Walmart Inc. slashed its profit outlook. Walmart, controlled by the family, fell 11% in New York trading after the Bentonville, Arkansas-based company reported earnings that lagged analysts' estimates.

Net sales for the fiscal year ended Jan. 31, 2008 were $374.526 billion, an increase of 8.6 percent over fiscal year 2007. Income from continuing operations for the fiscal year ended Jan. 31, 2008 increased 5.8 percent to $12.884 billion, up from $12.178 billion in the prior year.

In the fiscal year ended January 31, 2024, Walmart's revenue amounted to approximately 648 billion U.S. dollars worldwide. Compared to a year earlier, the retailer's revenue increased by six percent.

The closing price for Walmart (WMT) in 2006 was $10.61, on December 29, 2006. It was up 1.1% for the year.

Walmart's revenue is $611.3 billion.

Walmart has 2,300,000 employees, and the revenue per employee ratio is $265,777. Walmart's peak quarterly revenue was $164.0B in 2022(q4). Walmart peak revenue was $611.3B in 2022. Walmart annual revenue for 2021 was 572.8B, 2.43% growth from 2020.