When Will Amazon Dethrone Walmart as the Revenue King?

Retail giant Walmart (NYSE: WMT) has held the top spot in revenue generation among publicly traded companies for about 20 years now (it dethroned ExxonMobil in 2001). Through its discount sales business model and relentless growth in stores across the U.S. and around the world (roughly 10,500 globally), the company generated about $560 billion in annual sales in fiscal 2021.

E-commerce giant Amazon (NASDAQ: AMZN) climbed through the ranks of publicly traded companies to reach the unofficial No. 2 spot last year (China Petroleum & Chemical is technically No. 2, but it is majority-owned by the Chinese government). But even though Amazon's sales of $386 billion were well behind Walmart's total, Amazon is growing much faster and could eclipse Walmart's sales sooner than you might think.

Let's see how.

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Source Fool.com