Alternative Revenue Streams And Business GrowthAccelerated growth in high-margin, alternative revenue streams is funding operating leverage, supporting the stock.
Market Share And Consumer ReachWalmart's ability to sidestep consumer weakness by gaining share of wallet, especially among high-income households, is a key driver of the story.
Membership And Consumer EngagementWalmart+ has generated a ~30% compound annual growth rate from 2020-2024, surpassing competitors.