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Walmart Inc. (WMT)

Nasdaq: WMT · Retail-Variety Stores · Bentonville, AR · filing with the SEC since 1994
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The company now

Walmart reported on 20 August 2026 that revenue for its second quarter, the 13 weeks to 31 July, rose 5.9 percent to $187.9 billion 1. Operating income, the profit from running the business, rose 28.8 percent 1. Online sales rose 23 percent worldwide and the advertising business 38 percent 1.

Much of the profit jump came from tariff refunds: about $2.9 billion returned by U.S. Customs and Border Protection for duties paid under the International Emergency Economic Powers Act 2. Walmart booked them as lower cost of sales and put a significant portion into lower prices in the same quarter 2. Net income still fell to $6.4 billion from $7.0 billion, because the value of its investments in other companies dropped 2.

John Furner has run the company since 1 February 2026, succeeding Doug McMillon, who retired as chief executive 6. On 20 August the company raised its outlook for the fiscal year, now expecting net sales up 4.0 to 5.0 percent in constant currency 1. The open questions are how much of the refunds stays as profit, and whether PhonePe, its Indian payments app, revives its paused listing 119.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed. Nothing here is advice.

Where the revenue comes from

fiscal 2026, as filed

Revenue by line of business, fiscal 2026

Line of businessFiscal 2026Fiscal 2025Share of revenue
Walmart US$483.0B$462.4B68.4%
Walmart International$130.4B$121.9B18.5%
Sams Club US$93.02B$90.24B13.2%

Revenue by region, fiscal 2026

RegionFiscal 2026Fiscal 2025Share of revenue
United States$581.2B$557.6B81.5%
Non-U.S. operations$132.0B$123.4B18.5%

As tagged in its annual report (Form 10-K, filed Mar 13, 2026 ↗), read from the SEC's financial statement data sets. The year before is the figure the record holds for the prior fiscal year.

The desk's written account, in full. As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed. Nothing here is advice.

Past

Walmart began in 1945, when Sam Walton opened a franchised Ben Franklin variety store in Newport, Arkansas 3. It turned to discount stores in 1962, listed its shares in 1970, opened the first Sam's Club in 1983 and the first supercenter in 1988 3. Supercenters, which pair a discount store with a full grocery, now make up 3,566 of the 4,611 Walmart U.S. stores 3.

Expansion abroad began with a joint venture in Mexico in 1991, and online selling with walmart.com and samsclub.com in 1996 3. In September 2016 Walmart bought Jet.com, an online retailer, and put its founder Marc Lore in charge of U.S. online sales 14. In fiscal 2017 total revenue was $485.9 billion 14.

Fiscal 2019, the year to 31 January 2019, brought the biggest bet: a majority of Flipkart, the Indian online marketplace, bought in August 2018 for $16 billion 13. That year Walmart also let go of 80 percent of Walmart Brazil 13. Net income fell to $6.7 billion from $9.9 billion, mainly on a $4.5 billion net loss on Brazil and a $2.8 billion unrealized loss on its JD.com stake 13.

Then the company narrowed its map: it left Argentina in November 2020, Asda in Britain in February 2021 and most of Seiyu in Japan in March 2021 16. Asda brought net consideration of $9.6 billion and Seiyu $1.2 billion, with estimated pre-tax losses in fiscal 2021 of $5.5 billion and $1.9 billion 16.

The pandemic year to January 2021 lifted Walmart U.S. comparable sales, sales at stores and websites open a year or more, by 8.7 percent as shoppers bought more per trip 15. Online orders added about 5.4 percentage points of that growth 15. Operating through the pandemic also cost $4.0 billion extra 15.

Fiscal 2023 carried $3.3 billion of charges for opioid legal settlements, and operating income fell to $20.4 billion 17. Net income fell to $11.7 billion from $13.7 billion 17. In December 2024 Walmart bought VIZIO, a television maker that collects viewing data from opted-in connected sets, for net consideration of $1.9 billion 318.

By fiscal 2026 total revenue reached $713.2 billion, about 47 percent (computed) above fiscal 2017, and net income $21.9 billion, from $15.5 billion two years earlier 314. Online sales did much of the work: Walmart U.S. online sales were about $99.6 billion in fiscal 2026, from $65.4 billion in fiscal 2024 3. On 9 December 2025 the shares moved from the New York Stock Exchange to Nasdaq 8.

Present

Walmart U.S.

Walmart U.S. runs 4,611 stores across all 50 states, the District of Columbia and Puerto Rico, plus walmart.com and its app 3. It had net sales of $483.0 billion in fiscal 2026, 68 percent of the company's total 3. Groceries were $285.5 billion of that, about 59 percent (computed) 3.

Health and wellness, which covers pharmacy, over-the-counter drugs and optical services, grew fastest, to $69.5 billion from $62.1 billion, up 12 percent (computed) 3. General merchandise, from toys and electronics to furniture, was nearly flat at $115.1 billion 3. Private brands such as Great Value, Equate and Marketside sit beside the national brands 3.

In the latest quarter Walmart U.S. comparable sales excluding fuel rose 2.6 percent 1. They were held back by 125 basis points, hundredths of a percentage point, of pharmacy deflation from new maximum fair price rules on certain prescription drugs 12. Its online sales rose 24 percent 1.

Walmart International

Walmart International runs 5,743 stores in 18 countries outside the U.S. and had net sales of $130.4 billion in fiscal 2026 3. Mexico and Central America were the largest market at $52.5 billion, ahead of China at $24.6 billion and Canada at $23.7 billion 3. China grew fastest, about 23 percent (computed) 3.

In India it holds majority stakes in Flipkart, the online marketplace, and PhonePe, the payments app 3. PhonePe led India's Unified Payments Interface in February 2026 with about 9.3 billion transactions against Google Pay's 6.8 billion, TechCrunch reported from official payments data 19. In the latest quarter the segment's net sales rose 7.9 percent in constant currency, led by online growth of 19 percent 1.

Sam's Club U.S.

Sam's Club U.S. is a members-only warehouse club with 601 clubs in 44 states and Puerto Rico, and net sales of $93.0 billion in fiscal 2026 3. A Club membership costs $50 a year and Plus costs $110 3. In the latest quarter its comparable sales excluding fuel rose 4.4 percent, with transactions up 7.0 percent 1.

Advertising and membership

Brands pay Walmart to advertise on its websites, apps and stores, and the global advertising business grew 38 percent in the latest quarter 31. Walmart Connect, the U.S. advertising arm, grew 43 percent excluding VIZIO, and membership fee revenue grew 17 percent worldwide 1. Walmart+, the paid U.S. membership, offers free shipping, delivery from stores and fuel discounts 3.

These lines matter beyond their size, because the company says advertising and other higher-margin initiatives are expected to help operating income grow faster than net sales over the long term 3. In the latest quarter the gross profit rate also benefited from growth in higher-margin businesses, including advertising 2.

Stores, warehouses and people

The company had 10,955 stores and clubs at the end of fiscal 2026 3. It moves goods through 192 distribution facilities in the U.S. and 179 abroad, and offers pickup or delivery at more than 8,400 locations worldwide 3. During fiscal 2026 it began combining the Sam's Club U.S. supply chain with Walmart U.S. 3.

Capital spending reached $26.6 billion in fiscal 2026, from $20.6 billion two years earlier, with most of it aimed at automation, online, supply chain and stores 3. Walmart employs about 2.1 million associates, 1.6 million in the U.S., where 92 percent are hourly and 68 percent full-time 3.

John Furner, who joined as an hourly associate in 1993, became chief executive on 1 February 2026 6. John David Rainey has been finance chief since June 2022, and since February 2026 David Guggina runs Walmart U.S., Christopher Nicholas International and Latriece Watkins Sam's Club 37. Greg Penner chairs the board 3.

Rivals

The annual report names its rivals by kind: discount, grocery, drug, dollar and specialty stores, warehouse clubs, online and social commerce platforms, and firms in digital advertising and delivery 3. Costco, the rival warehouse club, reported net sales of $297.2 billion for the 52 weeks to 30 August 2026, from 939 warehouses 23. In India, Flipkart competes with Amazon, MediaNama noted 20.

Current problems

About 230 opioid cases against the company were pending in federal court in Ohio as of 6 March 2026 3. That is after $3.3 billion of settlements accrued in fiscal 2023, all paid by January 2025 3.

On 3 March 2026 Walmart settled with the Federal Trade Commission and several states over its Spark Driver delivery platform, agreeing without admitting liability to a $100 million judgment 3. In Mexico the competition authority COFECE imposed a monetary penalty on a Walmex subsidiary, stayed while Walmex fights it in court, and India's competition regulator is still weighing a report on Flipkart units 2.

The umbrella, in words

The main store names are Walmart, Walmart Neighborhood Market and Sam's Club in the U.S., with Walmex, Walmart Canada, Walmart Chile, Massmart and Flipkart abroad 310. Its private labels include Great Value, Equate, Marketside, Mainstays and Member's Mark 3.

Exhibit 21 lists the significant subsidiaries and omits the rest as not significant in the aggregate 10. Walmart owns 71 percent of Wal-Mart de Mexico, 84 percent of Flipkart Private Limited, and 100 percent of Wal-Mart Canada and of Massmart in South Africa 10. It also owns VIZIO, bought in December 2024 3.

Walmart owns part of Symbotic Inc.: 15 million Class A shares plus 61,350,823 units exchangeable for Class A shares, 39.9 percent of that class once exchanged 12. On a fully diluted basis that is about 12.6 percent of Symbotic's stock and 5.4 percent of its votes 12.

The Walton family controls the company: Walton Enterprises, LLC reported sole voting power over 3,523,409,231 shares, 44.21 percent of the common stock, in a filing for an event of 27 February 2026 11. Each share carries one vote, and Steuart L. Walton was elected to the board again on 4 June 2026 9.

Future

On 20 August 2026 the company raised its outlook for the current fiscal year: net sales up 4.0 to 5.0 percent and adjusted operating income up 7.0 to 8.5 percent, in constant currency 1. Capital spending is now planned at about 4.0 percent of net sales, up from about 3.5 percent 1. The finance chief, John David Rainey, said the business model is "only getting stronger and more durable" 1.

For the third quarter it guided net sales up 3.0 to 3.75 percent and adjusted operating income up 2.0 to 4.0 percent in constant currency 1. It expects a drag of over 100 basis points on sales growth because Flipkart's Big Billion Days event moves between quarters 1. It plans to keep putting the remaining tariff refunds into prices and the customer experience 1.

Historically each segment's highest sales come in the fourth quarter, which holds the holidays 3. This season it planned 14 days of deals: early Black Friday from 12 to 15 November, Black Friday from 23 to 29 November and Cyber Monday from 30 November to 2 December, Retail Dive reported 22.

On 19 October 2026 Walmart agreed to issue $3.0 billion (computed) of U.S. dollar notes and C$5.0 billion (computed) of Canadian dollar notes, due from 2029 to 2056 4. It said the money is for general corporate purposes, which may include repaying maturing debt 5.

In February 2026 the board approved a $30.0 billion share repurchase authorization; after $5.1 billion of repurchases in the first half, $25.1 billion of it remained 31. The annual dividend is $0.99 (computed) a share, paid in four installments of $0.2475, the last on 4 January 2027 3.

Decisions still pending include India's Competition Commission's final order on the Flipkart units, which can carry monetary and other relief 2. The opioid cases continue in federal and state courts 3.

What it may be looking into

Speculation Speculation, labeled as such: where the clues point, how sure the desk is of each, and what would change it. It is not a forecast and not advice.

  1. Speculation

    Walmart may take PhonePe, and later Flipkart, to a listing on India's stock exchanges once markets settle.

    Because

    • During fiscal 2026 PhonePe changed its staff share awards in contemplation of a potential initial public offering, and Walmart booked a $0.7 billion charge for it 3. About $3 billion of further share-based pay at certain subsidiaries vests on conditions that include a public offering 3.
    • PhonePe paused its offering on 16 March 2026 over market conditions and said it remains committed to going public once they improve, TechCrunch reported 19. Walmart had planned to offer up to 45.9 million shares, about 9 percent of PhonePe, while keeping control 19.
    • Flipkart moved its holding company from Singapore to India in March 2026, a step toward a listing there, MediaNama reported, citing Reuters 20. In May the Economic Times reported the plan paused indefinitely, according to Retail Insight Network 21.
    Confidence 55 of 100What would change this A draft offer document for PhonePe or Flipkart filed with the Securities and Exchange Board of India would confirm it 2119. A Walmart filing that drops the plans, or the transfer of either stake to a new owner, would refute it 3.
  2. Speculation

    Walmart may be steering more of its profit toward advertising and memberships and away from the margin on goods.

    Because

    • In the latest quarter the global advertising business grew 38 percent and membership fee revenue 17 percent, against revenue growth of 5.9 percent 1.
    • The annual report says advertising and other higher-margin initiatives are expected to help operating income grow faster than net sales over the long term 3.
    • In December 2024 Walmart bought VIZIO, whose connected televisions collect viewing data from opted-in owners 318.
    Confidence 70 of 100What would change this A full year in which operating income grows more slowly than net sales while advertising growth slows toward the pace of revenue would weaken it; the company reports both each quarter 1.
  3. Speculation

    Walmart may run Sam's Club and Walmart U.S. more and more as one business.

    Because

    • During fiscal 2026 the company began combining the Sam's Club U.S. supply chain with Walmart U.S. to streamline operations 3.
    • In October 2026 it began offering Walmart+ and Sam's Club Plus together for $120 a year, Retail Dive reported 22.
    • In February 2026 Christopher Nicholas moved from running Sam's Club to running International, and Latriece Watkins came from Walmart U.S. merchandising to lead Sam's Club 73.
    Confidence 40 of 100What would change this A merger of the two segments in Walmart's reporting would confirm it 3. A filing that keeps the Sam's Club supply chain separate, or ends the joint membership, would refute it 22.

How the company works

The desk has not read this company's annual report yet.

The record in brief

five sections from the record

By the desk, an AI model (Claude Haiku 4.5), written from the company's record on Oct 21, 2026; nothing here is advice. Every sentence rests on the numbered source beside it, and a sentence the record did not support was cut before the report was kept.

A newer current report (Form 8-K, filed 2026-10-23) is on file; this report was written before it, and the desk writes it again on request.

Past

Walmart's revenue rose from $486 billion in fiscal 2017 to $713 billion in fiscal 2026, up 4.4% a year, and the company was profitable in all 10 of those years. Over the three fiscal years to 2026-01-31, the diluted share count shrank about 0.7% a year, and dividends and buybacks returned about 31% of its operating cash flow over those three years. The filing record shows 1 warning event since 2017, a notice about its exchange listing, with the latest on 2025-11-20. 1

Present

In the fiscal year ended 2026-01-31, Walmart reported revenue of $713 billion and a profit of $22 billion. The company earned about 21 cents of profit for every dollar of shareholders' money and owed about 63 cents per dollar of assets, while its products earned about 62 cents per dollar of everything the company owns. Among its industry family, Walmart's revenue of $713 billion ranks in the top 6% by size, but its net margin of 3.1% ranks in the bottom 35%, as does revenue growth of 5.3% a year over the last three filed years. 21

The chief executive is Furner, John R. , who has been filing under that title since 2026-02-03, or 9 months; the 28 officers and directors filing in the last fifteen months have been on the record a median of 7.1 years; 7 officer or director changes were reported on Form 8-K since 2023-10-21. 1

Future

A quarterly report (Form 10-Q) for the quarter ending 2026-10-31 is due by 2026-12-10. An annual report (Form 10-K) for the fiscal year ending 2027-01-31 is due by 2027-04-01. 3

The company's cash of $11 billion against debt of $35 billion leaves negative 8.4% of its assets as net cash, in the bottom 35% of its family, while cash from operations less capital spending is 2.1% of revenue in the bottom 25%. Revenue growth has sped up, with 5.3% a year over the last three filed years against 4.4% over all 10 filed years, ranking in the top 35% of its family, though the newest year grew 4.7% in the bottom 25%. 1

How the company operates

Walmart operates three lines of business: Walmart US at 68% of revenue, Walmart International at 19%, and Sams Club US at 13%; by geography, the United States accounts for 82% of revenue and non-U. S. operations 19%. 2

New moves

On 2026-10-19, Walmart filed Form 424B5, a shelf offering document that reflects securities sold off a shelf. On 2026-10-20, Walmart launched a joint membership program with Sam's Club, leaning into delivery and gas discounts as it competes with Amazon and Costco. On 2026-10-13, Walmart announced it will cover some GLP-1 drugs, inhalers and insulin for employees at no cost as it expands benefits. 34

Sources

a number beside a sentence opens its entry in its own document's list
The written account 23 sources · as of Oct 28, 2026
  1. Exhibit 99.1 to Form 8-K, Walmart reports second quarter results ↗Walmart Inc. (SEC filing) · filed Aug 20, 2026
  2. Form 10-Q, quarterly report for the quarter ended 31 July 2026 ↗Walmart Inc. (SEC filing) · filed Aug 28, 2026
  3. Form 10-K, annual report for the fiscal year ended 31 January 2026 ↗Walmart Inc. (SEC filing) · filed Mar 13, 2026
  4. Form 8-K, pricing and underwriting agreements for U.S. dollar and Canadian dollar notes ↗Walmart Inc. (SEC filing) · filed Oct 23, 2026
  5. Form 424B5, prospectus supplement for Canadian dollar notes ↗Walmart Inc. (SEC filing) · filed Oct 21, 2026
  6. Form 8-K, retirement of the chief executive and appointment of his successor ↗Walmart Inc. (SEC filing) · filed Nov 14, 2025
  7. Form 8-K, appointments of the chief executives of Walmart U.S. and Walmart International ↗Walmart Inc. (SEC filing) · filed Jan 16, 2026
  8. Form 8-K, results for the third quarter of fiscal 2026 and transfer of listing to Nasdaq ↗Walmart Inc. (SEC filing) · filed Nov 20, 2025
  9. Form 8-K, results of the 2026 Annual Shareholders' Meeting ↗Walmart Inc. (SEC filing) · filed Jun 5, 2026
  10. Exhibit 21 to Form 10-K, Significant Subsidiaries of Walmart Inc. ↗Walmart Inc. (SEC filing) · filed Mar 13, 2026
  11. Schedule 13D, Amendment No. 1, on the common stock of Walmart Inc. ↗Walton Enterprises, LLC and Walton Family Holdings Trust (SEC filing) · filed Mar 3, 2026
  12. Schedule 13D, Amendment No. 4, on the Class A common stock of Symbotic Inc. ↗Walmart Inc. (SEC filing) · filed Aug 7, 2026
  13. Form 10-K, annual report for the fiscal year ended 31 January 2019 ↗Walmart Inc. (SEC filing) · filed Mar 28, 2019
  14. Form 10-K, annual report for the fiscal year ended 31 January 2017 ↗Walmart Inc. (SEC filing) · filed Mar 31, 2017
  15. Form 10-K, annual report for the fiscal year ended 31 January 2021 ↗Walmart Inc. (SEC filing) · filed Mar 19, 2021
  16. Form 10-K, annual report for the fiscal year ended 31 January 2022 ↗Walmart Inc. (SEC filing) · filed Mar 18, 2022
  17. Form 10-K, annual report for the fiscal year ended 31 January 2023 ↗Walmart Inc. (SEC filing) · filed Mar 17, 2023
  18. Form 10-K, annual report for the fiscal year ended 31 January 2025 ↗Walmart Inc. (SEC filing) · filed Mar 14, 2025
  19. Walmart-backed PhonePe shelves IPO as global tensions rattle markets ↗TechCrunch (Jagmeet Singh) · Mar 16, 2026
  20. Flipkart shifts holding company to India ahead of planned IPO ↗MediaNama (Rohit Singh) · Mar 10, 2026
  21. Flipkart puts IPO on hold amid market uncertainty, report ↗Retail Insight Network (Shubhendu Vimal) · May 19, 2026
  22. Walmart debuts longer Black Friday, Cyber Monday sales events ↗Retail Dive (Dani James) · Oct 26, 2026
  23. Form 10-K, annual report for the fiscal year ended 30 August 2026 ↗Costco Wholesale Corporation (SEC filing) · filed Oct 7, 2026
The record in brief 4 sources · written Oct 21, 2026
  1. WMT: the nine metricsthis site's record
    show the quoted wordsTrack record (past, graded 5.4 of 10, weighs 33% of the past): Walmart Inc.'s 10 filed years say what it did: revenue went from $486 billion in fiscal 2017 to $713 billion in fiscal 2026, up 4.4% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).Shareholder treatment (past, graded 6.5 of 10, weighs 22% of the past): Over the 3 fiscal years to 2026-01-31, Walmart Inc.'s diluted share count shrank about 0.7% a year, and dividends and buybacks returned about 31% of its operating cash flow over 3 years (its filed statements).Surviving crises (past, graded 0.5 of 10, weighs 45% of the past): Walmart Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2025-11-20) (its current reports). Finding: 1 warning event since 2017; the latest 2025-11-20.Financial health (present, graded 6.2 of 10, weighs 45% of the present): Return on equity: in the fiscal year ended 2026-01-31, Walmart Inc. earned about 21 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 62 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 63 cents per dollar of aIndustry position (present, graded 5.5 of 10, weighs 33% of the present): Walmart Inc.'s standing among 10 graded names in its industry family: revenue of $713 billion in fiscal 2026 ranks in the top 6% by size; a net margin of 3.1% ranks in the bottom 35%; revenue growth of 5.3% a year over the last 3 filed years ranks in the bottom 35% (its annual reports).Leadership (present, graded 6.5 of 10, weighs 22% of the present): Walmart Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Furner, John R. (President & CEO, as filed), filing under that title since 2026-02-03, 9 months (bottom 6% of its family); the 28 officers and directors filing in the last fifteen months have been on the record a mediRoom to expand (future, graded 3.2 of 10, weighs 22% of the future): Walmart Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $11 billion against debt of $35 billion leaves -8.4% of its assets as net cash, bottom 35% of its family; cash from operations less capital spending is 2.1% of revenue (bottom 25%); a gross margin of 24.9% (bottom 35%) (its annual report).Growth drivers (future, graded 5.0 of 10, weighs 45% of the future): Walmart Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 5.3% a year over the last three filed years against 4.4% over all 10, speeding up (top 35% of its family); the newest year grew 4.7% (bottom 25%); capital spending grew 16.5% a year (top 39%) (its annual reports).Walmart Inc. reported 3 lines of business in fiscal 2026: Walmart US at $483 billion (68%), Walmart International at $130 billion (19%), Sams Club US at $93 billion (13%); 3 of 3 grew against the year before (its annual report).
  2. WMT: the company filethis site's record
    show the quoted wordsIn its latest annual figures on file, for the fiscal year ended 2026-01-31, it reported revenue of $713 billion and a profit of $22 billion (its filed statements).Where the revenue comes from, fiscal 2026, as tagged in its annual report (Form 10-K, filed 2026-03-13): lines of business: Walmart US 68%, Walmart International 19%, Sams Club US 13%; by geography: United States 82%, Non-U.S. operations 19%.
  3. WMT: the filing record, ten yearsa filing
    show the quoted wordsDeadline ahead: Quarterly report (Form 10-Q) for the quarter ending 2026-10-31 is due by 2026-12-10; large accelerated filers have 40 days after the quarter ends; quarter ends are taken to the month end.Deadline ahead: Annual report (Form 10-K) for the fiscal year ending 2027-01-31 is due by 2027-04-01; large accelerated filers have 60 days after the fiscal year ends.Document: https://www.sec.gov/Archives/edgar/data/104169/000119312526425644 2026-10-19: Form 424B5, Shelf offering. The filing record and the share count: securities sold off a shelf.
  4. WMT: the alerts of the last thirty days (headlines only; the desk has not read the articles)this site's record
    show the quoted words2026-10-20, MarketWatch, top stories: "Walmart takes aim at Amazon and Costco with new membership program — but is it a good deal?" 2026-10-20, CNBC, business: "Walmart launches joint membership with Sam's Club as it leans into delivery, gas discounts" 2026-10-20, CNBC, top news: "Walmart launches joint membership with Sam's Club as it leans into delivery, gas discounts" 2026-10-15, Federal Trade 2026-10-20, CNBC, business: "Walmart launches joint membership with Sam's Club as it leans into delivery, gas discounts" 2026-10-20, CNBC, top news: "Walmart launches joint membership with Sam's Club as it leans into delivery, gas discounts" 2026-10-15, Federal Trade Commission press releases: "FTC Sends More than $9.8 Million to Consumers Harmed by Walmart’s Failure to Stop Scammers that Used its
SI Assistanton WMT · research, not advice