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 readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool