Driven by more profitable e-commerce and healthy like-for-like growth, Walmart was in brilliant health in Q3. While the group struggles to protect against theft, it launched innovations to ensure that this does not penalise a customer experience.
On November 19, the world’s largest food retailer Walmart published results for Q3 ended on October 25. Despite a strike at U.S. ports and 2 hurricanes, sales were at US$169.6 billion (up by 6.2% at constant exchange rates, versus 4.3% a year earlier). On a comparable basis, sales rose by 5.3%. These results exceeded analyst expectations of 3.9% growth (FactSet). Walmart’s operating margin, at US$6.7 billion, grew faster than sales. Net income surged to US$4.7 billion. This represents 2.8%...
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.