It's Official: Walmart Is No Longer the Largest Retailer. This Magnificent Growth Stock Just Took the Title Away.
Ladies and gentlemen, there's a new name at the top of the retail industry: In the fourth quarter of 2024, Amazon (NASDAQ: AMZN) generated net sales of $188 billion. By comparison, Walmart (NYSE: WMT) generated revenue of $181 billion, marking the first time it ever came in below Amazon.For what it's worth, Walmart still took the top spot for the year. The company grew its revenue by 5% year over year to $681 billion, which was well ahead of Amazon's full-year net sales of $638 billion.However, considering Amazon is growing roughly twice as fast as Walmart right now, it's likely that Amazon will pass Walmart on a full-year basis in 2025.Continue reading
Ladies and gentlemen, there's a new name at the top of the retail industry: In the fourth quarter of 2024, Amazon (NASDAQ: AMZN) generated net sales of $188 billion. By comparison, Walmart (NYSE: WMT) generated revenue of $181 billion, marking the first time it ever came in below Amazon.
For what it's worth, Walmart still took the top spot for the year. The company grew its revenue by 5% year over year to $681 billion, which was well ahead of Amazon's full-year net sales of $638 billion.
However, considering Amazon is growing roughly twice as fast as Walmart right now, it's likely that Amazon will pass Walmart on a full-year basis in 2025.
