Summary
This 10-K filing for Walmart Inc. for the fiscal year ended January 31, 2010, reveals a retail giant with significant global reach and a diversified business model. The company reported net sales of $405.0 billion for the fiscal year. Its operations are structured into three key segments: Walmart U.S., the largest segment contributing 63.8% of net sales, focusing on domestic mass merchandising; International, with operations in 14 countries and Puerto Rico accounting for 24.7% of net sales, showcasing global expansion efforts; and Sam's Club, a membership warehouse club in the U.S. contributing 11.5% of net sales. The report highlights Walmart's long-standing commitment to its "Everyday Low Price" (EDLP) strategy, which underpins its competitive positioning across all segments. Despite its scale, the company acknowledges numerous risks, including economic downturns, competitive pressures, supply chain disruptions, and legal proceedings. Key risks identified include the potential adverse effects of general economic conditions on consumer demand, challenges in expanding both domestic and international operations, and the imperative to attract and retain a large workforce. The company emphasizes its strong operational capabilities and extensive distribution network as foundational to its success.
Financial Highlights
52 data points| Revenue | $405.13B |
| Cost of Revenue | $304.11B |
| Gross Profit | $101.03B |
| SG&A Expenses | $79.98B |
| Operating Income | $24.00B |
| Interest Expense | $1.79B |
| Net Income | $14.37B |
| EPS (Basic) | $1.24 |
| EPS (Diluted) | $1.24 |
| Shares Outstanding (Basic) | 11.60B |
| Shares Outstanding (Diluted) | 11.63B |
Key Highlights
- 1Total net sales for the fiscal year ended January 31, 2010, reached $405.0 billion.
- 2The business is organized into three primary segments: Walmart U.S. (63.8% of net sales), International (24.7% of net sales), and Sam's Club (11.5% of net sales).
- 3Walmart continues to leverage its "Everyday Low Price" (EDLP) strategy as a core competitive advantage across its operations.
- 4The company operates a vast network of stores globally, with 3,708 units in the U.S. and 4,112 units internationally, alongside 596 Sam's Club locations.
- 5Significant risk factors identified include general economic conditions, intense competition, international operational challenges, labor management, and potential legal liabilities, including a prominent gender discrimination class-action lawsuit.
- 6Walmart employed approximately 2.1 million associates worldwide as of the end of fiscal 2010, with 1.4 million in the U.S. and 700,000 internationally.
- 7The company is actively managing a substantial share repurchase program, with approximately $9.2 billion of authorization remaining as of January 31, 2010.