The Future of Wealth: Evaluating Walmart's Potential to Generate Millionaire Returns

Could Walmart Help You Become a Millionaire?

This dominant retailer has been a winner over the very long term. Walmart (NYSE: WMT) might not be the first stock you think of when considering what companies turned their shareholders into millionaires. But that's precisely what it has done.

Latest Trends

Over the last couple of years, we've had challenging economic conditions. Higher interest rates, ongoing inflationary pressures, and fears of a possible recession are worries for most businesses. But Walmart continues humming along.

With its focus on low prices, the company has posted solid financial results in recent times. Revenue increased 6.7% in fiscal 2023 and 6% in fiscal 2024 (ended Jan. 31), both much higher rates of growth than Walmart investors have been accustomed to over the past decade.

Looking Ahead

There's no real serious threat to Walmart's dominance. This business will still be around decades from now. Walmart has the brand name and the massive scale to continue delivering for customers.

Furthermore, the leadership team is focused on building a true omnichannel retail enterprise. This means focused investments to bolster the supply chain and digital capabilities to better serve customers. These initiatives should help make Walmart even more formidable in the competitive retail sector.

Return Potential

With a current market cap of nearly $500 billion and fiscal 2024 sales of $648 billion, it's perfectly reasonable to assume that Walmart's future investment returns won't even come close to resembling those of the past.

Before you buy stock in Walmart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Walmart wasn’t one of them.

Conclusion

If investors are looking at Walmart to make them millionaires, I suggest they seriously temper expectations. The odds are low that this stock can make that happen.