November 27, 2022

Walmart attributes robust gross sales development in September

Doug McMillon, President and CEO, Walmart

Walmart attributes strong sales growth in September

World e-commerce main Walmart attributes robust development within the September quarter to the double-digit development in Flipkart and Walmex (Walmart Mexico).

The corporate mentioned Flipkart’s robust development is due partly to the timing of The Huge Billion Days occasion, which moved from This fall final 12 months to Q3 this 12 months. Walmart’s e-commerce internet gross sales comprised 23 per cent of whole internet gross sales within the quarter, which is up 400 foundation factors y-o-y, primarily resulting from Flipkart.

In Walmart’s earnings name, the corporate…

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