Walmart Inc. Reports Strong Fourth Quarter, Highlighting Global E-Commerce Milestone

Walmart Inc. Reports Strong Fourth Quarter, Highlighting Global E-Commerce Milestone

Walmart Inc. has concluded its fiscal year with a robust fourth quarter, showcasing significant growth and operational achievements. CEO C. Douglas McMillon, expressed satisfaction with the team’s performance, which resulted in a 4.9% sales increase and a 10.9% rise in adjusted operating profit in constant currency terms. The retail giant has also surpassed a significant milestone, achieving over $100 billion in global e-commerce sales for the first time.

The quarter’s success was marked by higher transaction counts and unit volumes, with Walmart gaining market share both in the U.S. and internationally. The company’s inventory levels were reported to be in excellent condition and were down from a year ago, indicating efficient inventory management. In addition, Walmart US received high customer experience scores, even during the demanding holiday season, which includes the days leading up to Christmas.

Walmart’s international performance was particularly noteworthy, with strong sales in Mexico, Canada and India. The latter celebrated its most successful Big Billion Days event to date. The company also continued its robust performance in China, which coincided with the Lunar New Year. These achievements underscore the company’s ability to serve diverse markets and effectively meet customer demands. The retailer’s omnichannel approach was a key factor in its success, as evidenced by the three-year high in customer satisfaction scores for U.S. stores and pickup and delivery services. This strategy has enabled Walmart to provide a seamless shopping experience for customers, whether they choose to shop in-store, online, or a combination of the two.

Walmart Inc. ended its fiscal year on a strong note, with a fourth quarter that highlighted the company’s operational excellence and customer-centric approach. The milestone of surpassing $100 billion in global e-commerce sales reflects the company’s adaptability and commitment to growth in digital retail. The retailer’s focus on maintaining high customer experience scores, even during peak shopping periods, illustrates its dedication to service quality. 2024-02-22T18:15:33.067Z

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