Driven by core business and advertising, Walmart concludes 2023 with strong figures

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.

Through Sophie Baqué. Published on 26 February 2024 à 13h41 - Update on 11 March 2024 à 11h15

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.…

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