Walmart takes out no.1 spot in 2016 Fortune 500

Posted by AFN Staff Writers on 8th June 2016

Walmart Walmart has topped the 2016 Forbes “Fortune 500” list.

The list includes numerous food and beverage companies with Pepsi Co. ranking 44^th, Coca Cola 62^nd and Mondelez International, owner of Cadbury and Oreo, ranking 94^th.

Kraft Heinz places outside of the top 100, taking the 153^rd 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 218^th.

In explaining Walmart’s number one position, Forbes said it was making a lot of progress in adapting to the 21^st 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 62^nd 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.

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