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The above graph represents the Walmart Costs and Expenses by Quarter, starting from fiscal Q1 1996 to the recently completed quarter. In FY Q4 2020, Walmart’s total cost of sales increased nearly 2.7% YoY to $107,748 million ($107.7 billion). On a quarterly basis, the company reported an impressive 12.4% QoQ growth in the cost of sales. While the Walmart Operating expenses (including selling, general and administrative expenses) reached $28,601 million (28.6 billion) in FY Q4 2020, with a 2.8% YoY and 4.5% QoQ increase.
|Source||Walmart Quarterly Reports, SEC Filings|
|Note||Walmart financial year – Feb 1st to January 31st|
Walmart increased its cost of sales by $2,267 million, from $102,640 million in FY Q4 2018 to $104,907 million in FY Q4 2019. On the other hand, the company reduced its operating, selling, general and administrative expenses from a whopping $29,160 million ($29.2 billion) to $27,819 million ($27.8 billion) during the same period.
About Walmart Inc.
Walmart Inc. (NYSE: WMT) (formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation, headquartered in Bentonville, Arkansas. The company was founded in 1962, by Sam M. Walton and opened the first Walmart Discount City store in Rogers, Arkansas. Within just five years, it expanded to 24 stores in the city.
On October 31, 1969, the company was officially incorporated as Wal-Mart Stores, Inc. and within a year, on October 1, 1970, it became a publicly-traded company. The first stock was sold at $16.50 per share.
In 1983, Walmart opened its first Sam’s Club, while in 1988, the company opened its first Supercenter and first Walmart Neighborhood Market.
It was the year 1997 when Walmart celebrated its first $100 billion annual sales.
In 2000, Walmart launched its first e-commerce website – walmart.com. Since then, the company’s e-commerce presence has been growing phenomenally. In August 2018, Walmart acquired Flipkart for $16 billion – the largest acquisition Walmart made in the last 10 years.
Walmart remains the No. 1 company on 2019 Fortune 500 list for the seven years in a row.
On February 1, 2018, the legal name of the company became Walmart Inc., changing from Wal-Mart Stores, Inc.
As of the end of fiscal 2019, Walmart Inc. and its subsidiaries combined employed more than 2.2 million employees (“associates”), globally. Out of that, about 1.5 million associates are from the U.S. and rest nearly 0.7 million associates internationally.
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