WalMart’s latest sales target for 2018: $1.2 billion
The retail giant has been targeting $1 billion in new sales for the fiscal year ending March 31, 2017, which will end with the release of the company’s fourth-quarter financial results.
While the number may not seem like a lot, the company has been working hard to drive that kind of growth.
WalMart is targeting about 1 million to 1.5 million new full-service grocery stores, according to its financial results released this morning.
That’s more than double the company said last month that it expects to see 2.3 million new stores.
Walmart has also been aggressively adding more than a dozen new stores a month, increasing the total number of stores to about 6,000 by the end of March, according the company.
While those numbers may not be the highest sales numbers, they’re a lot better than what competitors like Costco and Safeway are seeing.
The company is hoping to make $1 trillion in net sales in the fiscal 2021 year that ends March 31.
While WalMart may not have the most profitable sales growth, it’s definitely a good place to be.
Here are the top five cities where WalMart has seen the largest growth in new store openings in the last six months.
The top five WalMart markets with the largest increase in new stores: Houston, Texas