Don’t Forget Walmart International

By Douglas A. McIntyre Published Aug 19, 7:10AM EDT

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By some measures, Walmart Inc.’s (NYSE: WMT | WMT Price Prediction) international figures are better than those in its home market.
The retailer has a presence in many of the world’s largest countries by population.
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The latest earnings from Walmart Inc. (NYSE: WMT) beat estimates and drove its stock higher. However, they were mostly built on U.S. figures. International figures, by some measures, are better.

Walmart’s global revenue rose 4.8% year over year to $169.3 billion. Operating income was up 8.5% to $7.9 billion. International revenue, which was nearly a fifth of total revenue, increased 7.1% to $30 billion. Operating income was 14.3% higher to $1.4 billion. International e-commerce rose 18%. As was the case with global revenue, international was helped by store pickup and delivery.

Of the company’s 10,619 locations, 5,414 are international, which means sales per store are lower than in the United States. By far, the largest number of these is in Mexico, which has 2,468. Walmart does not use its brand in every country. The United Kingdom, its second-largest market outside the United States, has 633 locations. Walmart’s U.K. brand is Asta, which the company bought in 1999.

At one point, Walmart hoped China would be its second-largest market. It opened its first store in 1996. It was never able to overcome the huge foothold of China’s local retailers.

Walmart has a presence in many of the world’s largest countries by population. However, the division is not growing fast enough to become a much larger part of Walmart’s revenue.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.