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Walmart reported strong revenue growth for the third quarter with strength across all business segments

Autor: Financial Market
Timp de citit: < 1 minute

Walmart, the world’s largest retailer, reported strong revenue growth globally, with strength in Walmart U.S., Sam’s Club U.S., Flipkart, and Walmex.

Total revenue was $152.8 billion, up 8.7%, or 9.8% in constant currency. Walmart U.S. sales grew 8.2% and 17.4% on atwo year stack.

eCommerce segment growth was 16% and 24% on a two-year stack and continued to gain market share in grocery. Sam’s Club sales increased 10.0%, and 23.9% over the last two years.

Membership income increased 8.0% with membercount reaching an all-time high. Walmart International net sales were$25.3 billion, an increase of $1.7 billion, or 7.1%, negatively affected by $1.5 billion from currency fluctuations.