February 22, 2024

Revenues of the world's largest retailer Walmart in the 2024 financial year increased by 6% compared to the previous year.

On February 20, the world's largest retailer - Walmart - released its financial report for the 2024 financial year (it is interesting that for Walmart, the 2024 financial year began in February 2023 and ended on January 31, 2024).

According to the company's report, in the last financial year its turnover was $648 billion, 6% higher y-o-y.

The average trading mark-up remains stable – gross profit margin made 23.7% (for comparison, the corresponding average for the recent years figure of the number one Ukrainian retailer - ATB Market - was 25%).

Walmart's net profit in the reporting period amounted to $15.5 billion (+33% y-o-y and 5.6% higher than the average expectation of US analysts).

Another important indicator for retail chains is the average period of inventory turnover, for the 2024 financial year it was 40 days (if compared with Ukrainian chains, in recent years it was 25-30 days in ATB, 40-45 days in Novus and Silpo).

As with Ukrainian networks, operational activities are fully financed by trade payables.