The Coca-Cola Company (KO) vs Walmart Inc. (WMT)

Founded in 1886 and headquartered in Atlanta, The Coca-Cola Company is the world’s largest nonalcoholic beverage company, with a broad portfolio of 200 brands spanning major categories such as carbonated soft drinks, water, sports drinks, energy drinks, juice, and coffee. Through its bottling operations and distribution partners, Coca-Cola markets finished beverage products under its own and licensed brands via retailers and food-service outlets in more than 200 countries and regions worldwide. Approximately 60% of the company’s total revenue comes from international markets, with significant contributions from emerging economies in Latin America and the Asia-Pacific region.

Founded in 1962, Walmart Inc. has grown into the world’s largest retailer, operating more than 10,700 stores worldwide, including about 4,600 Walmart locations in the United States and roughly 600 Sam’s Club warehouses, while continuing to expand its e-commerce business. The company serves around 270 million customers each week and generated over $680 billion in fiscal 2025 revenue. Walmart’s operations are organized into three reporting segments: Walmart U.S., which accounted for 68% of fiscal 2025 sales, Walmart International at 18%, and Sam’s Club at 14%. In the U.S., nearly 60% of Walmart’s $465 billion in fiscal 2025 revenue came from grocery sales, with about one-quarter generated by general merchandise. Internationally, the company’s business is primarily concentrated in Mexico, with additional emerging exposure to India.