Walmart Franchise Cost, Revenue & Profit 2024

With all the Walmart stores across the US and their success, it comes naturally for new and experienced entrepreneurs to think about opening one.

Because we see so many stores, we are led to think that Walmart could be a franchise and that any of us can contact the corporation and open our own store, getting into business with Walmart.

However, is there such a thing as a Walmart Franchise? Can you actually open your own Walmart store? Let’s find out together in this article.

Is Walmart A Franchise Or Corporation

About Walmart Franchise

Walmart is a retail corporation that owns hypermarkets across the United States. It is actually one of the most popular supermarket chains in the US, and its headquarters are in Arkansas. 

Walmart is also active outside of the United States, in South America, China, and India.


The History Of Walmart Franchise

Walmart was founded in 1962 in Arkansas. The first store was a discount shop where people could buy any kind of stuff for their families at the lowest prices.

In 1969, the company was incorporated as Wla-Mart Inc., but the year after that, it changed its name to Wal-Mart Stores Inc.

In the meantime, the company wasn’t only opening new stores, but it was also widening its offer. In 1970, they opened the first home office center in Bentonville, Arkansas. 

During the 80s, Walmart started becoming the hypermarket we know today.

The first attempt was the Hyper-Mart, a combination of four stores where people could find anything from groceries to drugs to video arcades and more.

It was during the 90s and 2000 that Walmart became the multinational we know today. They opened more and more stores, both in the US and outside of the country.

It was during this time that a lot of controversies were raised around Walmart: Walmart stores attracted so many clients wherever they opened that they were capable of changing the economy of small cities. Small city shops were forced to close when a Walmart hypermarket opened in town. 

Today, Walmart runs more than 10,000 stores worldwide, and it is also active online with its own eCommerce website.


Does Walmart Franchise?

Does Walmart Franchise

Although it might seem like one, Walmart is not a franchise. Walmart Inc owns all the stores active in every part of the world, so it is not possible to open your own Walmart store.

Walmart Franchise Model

The only way to get into business with Walmart is by trying to sell your products in their stores.

It is a huge opportunity because your products and brand would be exposed in front of a huge audience every day.

Business ModelRetail
FranchiseNO
Finance244.86 billion USD
Franchise FeeNone
Number of outlets10,585 worldwide

How much does it Cost to Open a Walmart Franchise?

No, Walmart is not a franchise. Walmart is a publicly traded retail corporation that operates its own stores and does not offer franchise opportunities. All Walmart stores are owned and operated by the corporation itself.

If you want to open a similar franchise without corporate support, you could expect to invest around 5-6 million dollars, depending on the location.

This estimate considers the costs of real estate, inventory, and operational expenses.

However, it’s important to note that the exact cost may vary depending on the specific franchise and location you choose.


Training & Support From Walmart Franchise

Because Walmart is not a franchise, they don’t provide this type of training and support.

However, they train their employees, and if you get a deal with them that allows you to sell your products in Walmart stores or e-commerce websites, you can receive tons of advice and indications on how to display and market your items.


Walmart Revenue, Profit

Walmart is one of the largest retail corporations in the world, and investors and analysts closely watch its financial performance.

Here are the key financial metrics for Walmart, including its revenue, gross profit, net income, and EBITDA, for the years 2020 to 2023:

Revenue:

YearAnnual RevenueGrowth
2023$611.289B6.73%
2022$572.754B2.43%
2021$559.151B6.72%
2020$523.964BN/A

Profit:

YearGross ProfitNet IncomeGrowth (Gross Profit)Growth (Net Income)
2023$147.568B$11.68B2.65%-14.58%
2022$143.754B$13.673B3.54%1.21%
2021$138.836B$13.51B7.33%-9.21%
2020$129.187B$14.881BN/AN/A

EBITDA:

YearEBITDAGrowth
2023$31.373B-14.28%
2022$36.6B8.61%
2021$33.7B6.8%
2020$34.74BN/A

As you can see, Walmart’s revenue has steadily increased over the years, with a growth rate of 6.73% in 2023.

Its gross profit has also been consistently increasing, although at a slower rate, with a 2.65% growth in 2023.

However, the company’s net income has declined by 14.58% in 2023, primarily due to higher operating expenses.

Walmart’s EBITDA, which reflects the company’s operating performance before accounting for interest, taxes, depreciation, and amortization, has been volatile over the years.

It declined by 14.28% in 2023 due to higher operating expenses and lower gross margins. However, it had increased by 8.61% in 2022.

Walmart Revenue Per Store

According to Zippa, the average Walmart store in the United States makes about $1.1 billion each year. That means they sell around $3 million worth of products every single day. It’s not surprising considering that 90% of people in the U.S. live within 15 minutes of a Walmart store. This means there are a lot of customers, even if each person doesn’t spend a lot of money.

Opportunities abound for entrepreneurs in retail franchising, including brands like Five Below, Adam & Eve Franchise, Foot Locker, Bath & Bodyworks Franchise, and Redbox Franchise.


Comparison Franchise: Walmart VS Costco

CompanyWalmartCostco
Founded19621983
Number of Outlets10,585 worldwide840
Business Modelretailwarehouse club
Membership FeeNone$120 per year
FranchiseNONO
Finance244.86 billion USD37.5 billion USD

Walmart Franchise: FAQ

What is Walmart known for?

Walmart is known for its huge hypermarkets where customers can find anything they need for the house, the office, the garden, health, and more.

How many Walmart supermarkets are there currently?

At the moment, Walmart counts 10,585 worldwide. The majority of them are in the US, but Walmart is also active in South America, India, and China.

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