In its most recent earnings statement, Walmart—which operates on a February–January financial calendar—reported $32.4 billion in sales from its foreign division, representing an increase of 17.6%.
Additionally, it noted that China, supported by a robust increase in celebratory events, and Mexico led the way in net sales growth. During its first festival sales event, Flipkart’s “The Big Billion Days” saw a record 1.4 billion visitors to its platform between October 8 and October 15. In 19 countries, Walmart runs around 10,500 stores, clubs, and e-commerce websites.
Walmart’s statistics
Walmart Inc.’s consolidated revenue increased 5.7% to $173.4 billion in the fourth quarter. Walmart Inc.’s consolidated revenue increased by 6% to $648.1 billion for the entire year.
In 2018, Walmart paid $16 billion to acquire a 77% controlling stake in Flipkart. It increased its ownership of the main e-commerce company based in Bengaluru, currently controlling over 80% of the company.
