Reported about 2 months ago
In its latest earnings report, Walmart revealed a strong 21% growth in global e-commerce sales and a 4.8% rise in total revenue year-over-year, reaching $169.3 billion. Despite this growth, the retail giant's e-commerce segment remains unprofitable, though losses have narrowed significantly. CEO Doug McMillon emphasized the strength of Walmart’s overall business, claiming profitability in more traditional sectors while indicating confidence in future e-commerce success, despite inflation impacting consumer behavior.
Source: YAHOO