Walmart e-commerce sales grow 43%

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Walmart e-commerce sales in the quarter grew 43%, just ahead of the 40% year-over-year growth. The company also reiterated the guidance it gave during its investors meeting in October regarding fiscal 2020. The company anticipates comp sales growth of 2.5%.

Walmart on Tuesday reported its best U.S. comp sales growth in nine years on a two-year stack of 6.8% growth. U.S. comp sales rose 4.2% in the fourth quarter from the year-ago period’s 2.6% rise, according to a company press release. Total Walmart revenue in the quarter rose 1.9% to $138.8 billion. Sam’s Club comp sales rose 3.3% in the quarter, while e-commerce sales rose 21%. For the year, total revenue rose 2.8% to $514.4 billion. […]

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