WMT is beating S&P500 by 10% for the year - how is it not 120+ already ?

See title, but basically here are my thoughts. Walmart is a company everyone knows, and they are continuing to grow with no signs of stoppage in sign. They cover multiple markets, verticals, and now income groups as well. And on top of that they show consistent YoY profit and growth.

At a current growth rate they are on pace to outgrow the S&P500, and also very handily beat it in 2024 as well, in addition to beating SPY by an additional 25% in a 5 year period.

Thoughts?