Who Owns Equate?
Equate is owned by Walmart Inc., a publicly traded American multinational retail corporation headquartered in Bentonville, Arkansas. As Walmart's flagship health and beauty private label, Equate has achieved 75% U.S. household penetration, making it the second most widely purchased store brand in America after Walmart's Great Value (86%). Originally created by L. Perrigo Company in 1986 and acquired by Walmart in 1993, Equate is part of Walmart's dominant private label portfolio that includes five brands with over 50% U.S. household penetration.
Parent Company
Walmart Inc.
Acquired
1993
Status
Publicly Traded
Headquarters
Bentonville, Arkansas, USA
Who Owns Equate?
- Parent Company: Walmart Inc.
- Ownership Type: Brand division
- Acquisition Year: 1993
- Company Type: Publicly Traded
- Stock Ticker: NYSE: WMT
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Equate | Walmart Inc. | Brand division |
History of Equate
- Founded: 1986
- Founders: L. Perrigo Company (original creator), Walmart (acquired 1993)
- Acquired by Walmart Inc.: 1993
Equate was originally created in 1986 by L. Perrigo Company, a Michigan-based pharmaceutical manufacturer that specialized in store brand over-the-counter medications. The brand was developed as a private label alternative to national brands in the health and beauty category.
In 1993, Walmart acquired the Equate brand from L. Perrigo Company, marking a significant expansion of Walmart's private label portfolio beyond groceries into health and beauty products. This acquisition allowed Walmart to offer customers affordable alternatives to national brand medications and personal care items.
Throughout the 1990s and 2000s, Equate expanded its product range significantly, adding new categories including vitamins, supplements, feminine care, and an extensive line of beauty products. The brand became known for offering comparable quality to national brands at significant cost savings.
In recent years, Equate has continued to grow its product offerings, focusing on expanding into wellness categories, organic and natural products, and specialized health needs. The brand maintains its position as Walmart's primary health and beauty private label, generating billions in annual sales.
About Walmart Inc.
What does Walmart own?
Walmart Inc. owns Walmart Supercenters, discount stores, and Neighborhood Markets in the US; Sam's Club warehouse clubs; approximately an 81% stake in Flipkart (India's leading e-commerce platform); Walmart Mexico (Walmex), the largest retailer in Mexico; Walmart Canada; and operations in Central America, Chile, China, and other countries. Private-label brands include Great Value, Equate, Onn., Mainstays, and Bettergoods. Walmart also owns Walmart Connect, its advertising network, and operates Walmart+, a paid membership service.
Is Walmart publicly traded?
Yes. Walmart Inc. has been listed on the New York Stock Exchange under ticker WMT since October 1970. Despite being a public company, the Walton family retains effective control through approximately 46% of shares held through Walton Enterprises LLC and other family entities. The remaining shares are held by institutional investors including Vanguard and BlackRock, and by public shareholders.
Who founded Walmart?
Sam Walton founded Walmart, opening the first store in Rogers, Arkansas on July 2, 1962. Walton had previously operated Ben Franklin franchise stores in Arkansas, where he developed the low-cost, high-volume retail philosophy that became Walmart's foundation. He died on April 5, 1992, at age 74. His family continues to hold the controlling stake in the company.
Where is Walmart headquartered?
Walmart is headquartered in Bentonville, Arkansas, USA, where Sam Walton established the company's roots in the 1950s. The company's global headquarters, principal executive offices, and main distribution and technology infrastructure are concentrated in northwest Arkansas. Walmart operates in more than 20 countries, with its largest store concentration in the United States.
How many brands does Walmart own?
Walmart operates approximately 20 private-label and exclusive consumer brands, including Great Value (grocery), Equate (health and beauty), Onn. (electronics), Mainstays (home), and Bettergoods (premium food, launched 2024). These brands represent a smaller portion of Walmart's total merchandise revenue than at some competitors; most of what Walmart sells is national branded products from manufacturers.
Who owns Walmart?
Walmart Inc. is a public company with shares traded on the NYSE. The largest shareholder group is the Walton family, which collectively holds approximately 46% of outstanding shares through Walton Enterprises LLC and related entities. The Walton family is consistently ranked among the wealthiest families in the world as a result of this stake, with a combined net worth estimated in excess of $200 billion. Institutional investors including Vanguard, BlackRock, and State Street collectively hold a significant portion of the remaining shares.
Is Sam's Club owned by Walmart?
Yes. Sam's Club is a wholly-owned division of Walmart Inc. It operates as a separate business segment within Walmart's financial reporting but is not a publicly traded entity on its own. Sam's Club was founded by Sam Walton in 1983, named in his honor, and operates approximately 600 warehouse club locations in the United States.
- Founded: 1962
- Headquarters: Bentonville, Arkansas, USA
- Company Type: Publicly Traded
- Stock: NYSE: WMT
- Revenue: approximately $681 billion (FY2025, ended January 31, 2025)
- Employees: Approximately 2.1 million
Where Is Equate Made / Based?
- Headquarters: Bentonville, Arkansas, USA
- Manufacturing / Operations: United States, Canada, Mexico, China, Various international locations
Equate Sustainability & Ethics
Equate operates under Walmart Inc.'s comprehensive sustainability framework, which encompasses environmental stewardship, ethical business practices, and corporate responsibility initiatives across global operations. As Walmart's flagship health and beauty private label, Equate benefits from the company's ambitious environmental targets and ethical sourcing standards.
Climate and Energy Initiatives: Equate manufacturing and distribution participate in Walmart's climate resilience and emissions reduction programs. Walmart aims to enhance energy access, cost, and reliability while strengthening resilience to climate-related risks. In 2024, nearly 50% of Walmart's global electricity needs were supplied by renewable sources, supporting Equate's transition to cleaner energy in production facilities and distribution centers.
Circular Economy and Waste Reduction: Equate packaging and products are part of Walmart's circular economy initiatives, which aim to transition from a "take-make-dispose" approach to one that values reuse, recycling, and regeneration of materials. Walmart works to reduce waste in global operations and collaborates with suppliers to develop innovative packaging that meets customer needs while minimizing environmental impact.
Regenerative Natural Resources: Equate ingredients and materials are sourced through Walmart's regenerative natural resources programs, which focus on sustainable management, restoration, and conservation of landscapes that sustain product supply chains. The company implements sustainable commodities sourcing practices that apply to Equate's health and beauty product formulations.
Supply Chain Ethics and Worker Dignity: Equate benefits from Walmart's commitment to worker dignity in retail supply chains, ensuring ethical sourcing practices while acting as a catalyst for positive transformation in the well-being of people working in consumer product supply chains. Walmart maintains standards for suppliers that encompass fair labor practices, workplace safety, and ethical business conduct.
Community Engagement: As part of Walmart's portfolio, Equate supports the company's community engagement initiatives, which focus on creating shared value by addressing societal issues in ways that create value for business and stakeholders. Equate's manufacturing and distribution operations contribute to local economic development and community support programs.
Ethical Business Practices: Equate operates under Walmart's ethics and integrity framework, which prioritizes building and maintaining stakeholder trust through transparent business practices, regulatory compliance, and responsible corporate governance across all aspects of the private label brand's operations.
Awards & Recognition
Equate has received recognition primarily as part of Walmart Inc.'s broader retail achievements and private label success, rather than as an independent brand with separate accolades. The brand's market penetration and consumer acceptance have been acknowledged within the retail and consumer goods industries.
Market Leadership Recognition: Equate has achieved remarkable market success with 75% U.S. household penetration, making it the second most widely purchased store brand in America after Walmart's Great Value (86%). This exceptional market penetration has been recognized within the retail industry as demonstrating successful private label strategy and consumer acceptance of store brand alternatives.
Private Label Excellence Recognition: As Walmart's flagship health and beauty private label, Equate has been acknowledged within retail and consumer goods industries as an example of successful private label development. The brand's ability to compete effectively with national brands while maintaining significant cost savings for consumers has been cited as a model for private label success.
Parent Company Recognition: As part of Walmart's portfolio, Equate benefits from Walmart's numerous awards and recognitions in retail excellence, corporate responsibility, and sustainability. Walmart's consistent recognition as a leading retailer encompasses the entire private label portfolio, including Equate and other store brands.
Consumer Value Recognition: Equate has received implicit recognition through consumer adoption and market share achievement. The brand's ability to generate billions in annual sales and maintain strong consumer loyalty demonstrates consumer recognition of value and quality in private label health and beauty products.
Retail Innovation Recognition: Equate's expansion from basic over-the-counter medications to comprehensive health and beauty product lines has been acknowledged within retail circles as demonstrating successful private label portfolio expansion and category development strategies.
Quality and Value Achievement: While Equate itself has not received independent awards, the brand's success in maintaining quality standards comparable to national brands while offering significant cost savings has been recognized within consumer advocacy groups and retail industry analyses as providing exceptional value to consumers.
Supply Chain Excellence Recognition: Equate benefits from Walmart's recognition in supply chain management and logistics excellence, which supports the brand's ability to maintain consistent product availability and quality standards across Walmart's extensive retail network.
Equate Recalls & Controversies
Equate has faced product safety recalls primarily related to manufacturing quality control issues, though the brand maintains an overall strong safety record. The recalls have involved specific product lines rather than systemic brand-wide issues.
Eye Ointment Recall (2024): In February 2024, Brassica Pharma Pvt. Ltd. voluntarily recalled Equate Lubricant Eye Ointment and Equate Stye Lubricant Eye Ointment due to potential lack of sterility assurance. The FDA announced the recall for products with expiration dates ranging from February 2024 to September 2025. The recall was initiated after an FDA inspection revealed sterility assurance issues at the manufacturing facility in India. While no adverse events were reported, the potential lack of sterility posed a risk of eye infections for users of these products.
Manufacturing Quality Control Issues: The eye ointment recall highlighted challenges in maintaining consistent quality control across Equate's network of contract manufacturing partners. The incident underscored the complexities of overseeing global supply chains for private label products, particularly for over-the-counter medications that require strict sterility standards.
Regulatory Compliance Scrutiny: Equate, as a private label brand offering over-the-counter medications, faces ongoing regulatory oversight from the FDA regarding product safety, labeling compliance, and manufacturing standards. The brand must ensure all products meet FDA requirements for over-the-counter medications and cosmetics, creating ongoing compliance challenges across diverse product categories.
Competition with National Brands: Equate has faced competitive challenges from national brand manufacturers who may question the quality or safety of private label alternatives. These competitive dynamics create ongoing marketing and perception challenges in convincing consumers of private label product equivalence to national brands.
Supply Chain Complexity: The brand's reliance on multiple contract manufacturing partners across different geographic regions creates supply chain management challenges. Maintaining consistent quality standards and regulatory compliance across diverse manufacturing facilities requires continuous oversight and quality assurance programs.
Parent Company Controversies: While Equate itself has not faced major brand-specific controversies beyond the product recalls, Walmart has faced various controversies that affect all its private label brands, including labor practices, supply chain ethics, and competitive business practices that impact consumer perception of store brands.
Product Availability Issues: Equate occasionally faces challenges with product availability and consistency across different Walmart locations, particularly for specialized health and beauty products. These availability issues can frustrate consumers who rely on the brand for consistent access to affordable health and beauty products.
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- Ol' Roy - Walmart's private label dog food brand offering affordable dry and canned dog fo...
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Equate Ownership: Pros & Cons
Advantages
- +Significant cost savings compared to national brand equivalents
- +Wide product availability across Walmart's extensive store network
- +Quality standards backed by Walmart's sourcing expertise
- +Comprehensive product range covering most health and beauty needs
- +FDA compliance and regulatory oversight for medications
- +Consistent availability and shelf space in Walmart stores
Considerations
- -Limited availability outside Walmart stores
- -Product selection may vary by region and store size
- -Dependency on Walmart's sourcing and quality control standards
- -Limited marketing and brand awareness beyond Walmart customers
- -Competition from other private labels and national brands
- -Regulatory requirements for over-the-counter medications
Frequently Asked Questions About Equate
Sources & Further Reading
- Walmart Official Website
- Walmart ESG & Shared Value Reporting
- Walmart Investor Relations
- NYSE: Walmart (WMT) Stock Information
- SEC EDGAR: Walmart Inc. filings
- FDA: Equate Eye Ointment Recall Announcement
- Walmart Product Recalls Information
- Walmart FY2025 ESG Report
- Walmart Sustainable Commodities Report FY2025
- Walmart Standards for Suppliers
- USA Today: Eye Ointments Recall Coverage
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Equate
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Walmart | USA | 2017 | Mass market | United states | All-ages | |
| Walmart | USA | 2005 | Mass market | Global | Unisex | |
| Evyap | Turkey | 1970 | Mass market | Europe | Unisex | |
| Walmart | USA | 1993 | Mass market | Global | All-ages | |
| Walmart | USA | 1998 | Mass market | Global | All-ages | |
| Walmart | USA | 1983 | Mass market | United states | All-ages |
Learn More About Competitors

Basic Care
Owned by Walmart Inc.
Walmart's private label personal care brand offering affordable everyday essentials including health, beauty, and wellness products.

Simply Basic
Owned by Walmart Inc.
Walmart's private label brand offering essential personal care and beauty products designed to meet everyday needs at affordable prices.

Fax
Owned by Evyap
Turkish brand of soap and personal care products manufactured and marketed by Evyap, known for quality and affordability across multiple markets.

Great Value
Owned by Walmart Inc.
Walmart's private label brand offering affordable groceries and household products across multiple categories.

Mainstays
Owned by Walmart Inc.
Walmart's primary private label brand offering affordable home furniture, bedding, kitchenware, and home decor products for everyday living.

Ol' Roy
Owned by Walmart Inc.
Walmart's private label dog food brand offering affordable dry and canned dog food, treats, and pet care products, named after Sam Walton's dog.
Competitive Analysis
Market Positioning: Equate competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Walmart Inc. Stock Information
Jobs at Walmart Inc.
Latest News About Equate
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