Walmart takes out no.1 spot in 2016 Fortune 500
Walmart has topped the 2016 Forbes “Fortune 500” list.
The list includes numerous food and beverage companies with Pepsi Co. ranking 44th, Coca Cola 62nd and Mondelez International, owner of Cadbury and Oreo, ranking 94th.
Kraft Heinz places outside of the top 100, taking the 153rd spot. General Mills is close behind with position 161.
A variety of fast food and restaurant chains made the list with McDonald’s the highest ranking coming in at 109. McDonald’s was followed by Starbucks which is ranked 146 and Yum Brands, owner of KFC, Pizza Hut and Taco Bell, came 218th.
In explaining Walmart’s number one position, Forbes said it was making a lot of progress in adapting to the 21st century.
“By giving workers raises and investing heavily in tech, its U.S. division has improved customer service and saw comparable sales rise each quarter in 2015,” Forbes wrote.
This was the 62nd year Forbes released it Fortune 500 list which ranks America’s top companies. The rankings are calculated using a formulation which considers sales, profits, assets, market value and employees.
Forbes “Fortune 500” 2016 food producer and beverage rankings
- 44 PepsiCo
- 62 Coca Cola
- 94 Mondelez International
- 153 Kraft Heinz
- 161 General Mills
- 176 ConAgra Foods
- 207 Kelloggs
- 215 Land O’Lakes
- 304 Hormel Foods
- 336 Dean Foods
- 337 Campbell Soup
- 362 Hershey
- 397 Coca cola European Partners
- 413 Dr Pepper Snapple Group
- 429 Constellation Brands
- 452 M. Smuckers
- 535 Post Holdings
- 542 Keurig Green Mountain
- 567 McCormick
- 587 Mead Johnson Nutrition
- 608 WhiteWave Foods
- 615 Flowers Foods
- 636 Molson Coors Brewing
- 686 TreeHouse Foods
- 702 Brown-Forman
- 787 Monster Energy
- 795 Hain Celestial Group
- 804 Pinnacle Foods
- 889 Coca Cola Bottling
Forbes “Fortune 500” 2016 food service companies (i.e. fast food and restaurants)
- 109 McDonald’s
- 146 Starbucks
- 218 Yum Brands
- 371 Darden Restaurants
- 546 Chipotle Mexican Grill
- 557 Bloomin’ Brands
- 731 Brinker International
- 763 Cracker Barrel Old Country Store
- 797 Panera Bread
- 915 Domino’s Pizza
- 941 Cheesecake Factory
- 999 Wendy’s
Source : Forbes 2016 Fortune 500
The complete 2016 Forbes Fortune 500 list can be viewed here.
New Zealand’s Restaurant Brands has acquired 10 Australian KFC sites from Yum! Brands.
Reforms to the country of origin labelling system were agreed to at a meeting of the Australian Cons...
The A2 Milk Company has revised its expected profits for the 12 months ended 30 June 2016.
Nanobiotechnologist Professor Oded Shoseyov is a global visionary whom Australian businesses are kee...
Mars Incorporated has appointed a new General Manager, Bill Heague, to lead Mars Food Australia, th...
US snack giant, Amplify, has acquired chip manufacturer, Tyrell’s.
According to statistics published June 2019 on Quartz.com, here are some important facts and stati...
Yesterday, China banned Viplus Dairy, a Victorian infant formula maker, from selling its products on...