BENTONVILLE, Ark. — The Walmart that Doug McMillon presides over is a different place than it was when he became CEO nine years ago. At the time, some industry observers viewed the company as too vast and deeply rooted in brick-and-mortar retailing to compete effectively in the age of e-commerce. With McMillon’s prodding, Walmart proved
BENTONVILLE, Ark. – Walmart today said revenue increased 7.6% to $152.3 billion in its first quarter, topping Wall Street expectations. The company also raised its fiscal 2024 forecast; management now expects consolidated net sales will rise about 3.5% this year. For the current quarter, Walmart forecasts consolidated net sales to increase by about 4%. First-quarter
BENTONVILLE, Ark. — Walmart posted third quarter sales and earnings that topped expectations, and the company raised its outlook for the year. Comp sales at Walmart U.S. grew 9.2% versus the prior year period, with 15.6% increase on a two-year stack basis. Walmart U.S. eCommerce sales grew 8% for the quarter and 87% on a