Last year Walmart became the first company in U.S. history to generate $500 billion in annual sales, Fortune reported on May 21 in the business magazine’s ranking for 2017. FIVE HUNDED BILLION. That is a lot of Cheetos.
The Bentonville, Arkansas-based retail giant is the biggest winner in Fortune magazine’s annual Fortune 500 ranking of the nation’s largest corporations, grabbing the top spot for the 14th time and sixth year in a row.
Other winners on the annual list included Exxon Mobil, which returned to the No. 2 spot and shopping/delivery powerhouse Amazon, which moved into the top 10 for the first time and ranks eighth.
Apple fell one spot to the ranking’s fourth position despite a 6% gain in annual sales. Still, this tech Godzilla grabbed the title of Fortune 500’s most valuable company. Apple reported $48 billion in profits, leading all companies in that category for the fourth consecutive year.
Other corporations in the top 10 included billionaire Warren Buffet’s Berkshire Hathaway, UnitedHealth Group, health care company McKesson, CVS Pharmacy, AT&T and General Motors.
Seventeen companies debuted on the Fortune 500 list for 2017. Two of those first-time winners were fragrance and beauty product company Coty and beauty store chain Ulta Beauty. Interesting.
Some of us are on consistent scavenger hunts for a delicious-smelling fragrance or the latest lip plumper that rivals Angelina Jolie’s pout, or 18 year-old eyebrows, or a blushy bronzer that gives us Chrissy Teigen cheeks.
I am guessing that if a study were conducted, many of those women pushing Coty and Ulta up the Fortune 500 list, would be 60 years olds willing to lay money on the counter to purchase a bit of lost youth.
As I said, I’m just guessing…