Like Amazon, Walmart improved margins in 2023, thanks to a healthy core business, steady growth in e-commerce and leverage from advertising revenue. This strategy enabled the company to announce fresh strategic investments.
With a share price jumping by 20% in a year, taking capitalisation to US$473 billion, the world’s largest retailer by sales Walmart published annual figures on February 20, 2024 (financial year ending 26 January 2024). Total sales reached US$648.1 billion up 5.5% at constant exchange rates.
Do you have information to share with us?
Article authors
Sophie Baqué
Chief Editor of mind Retail