Walmart, the world's leading retailer, published annual financial results and notes that 2020 and 2021 have been a complex year. Their results show a sustained turnover growth and large expansion of e-commerce that did not lose margin. However, international activity showed difficulties.
For Walmart, which presented annual results in mid-February, sales reached US$572.7 billion in the year to January 2022. At constant rates, growth was 1.6%, which is a good performance given the strong historical growth of 8% a year earlier.
“It feels like 2020 and 2021 were just one long year,” Walmart C.E.O. Dough McMillon told analysts. “If you look at growth between January 2020 and December 2021, excluding divestitures, our business is about 17% larger in terms of reve
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Article authors
Sophie Baqué
Chief Editor of mind Retail