Walmart’s US e-commerce sales grew by 17%, while global e-commerce sales grew by 23% year-on-year, according to the company’s latest earnings report.
The overall growth in e-commerce earnings was attributed to increased online orders, a 20% increase in sellers, and a 22% increase in advertising sales on its retail media platform Walmart Connect.
The year-on-year total comparable sales growth for Q4 in Walmart’s 2024 fiscal year decreased. Yet e-commerce contribution to Walmart’s comparable sales growth rate in the US went up from 1.4% in Q4 FY23 to 2.4% in Q4 FY24.
Walmart US reported 4% overall...