Walmart fourth quarter revenue grows 1.9 pct

2019-02-20 09:35

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Total revenue of Walmart Inc. for its fourth quarter ending Jan. 31 hit 138.8 billion U.S. dollars, up 1.9 percent year on year, while the net sales of Walmart International decreased 2.3 percent to 32.3 billion dollars, the company reported on Tuesday.

In its Q4 FY19, the latest quarterly report of fiscal year 2019, Walmart reported that its Q4 revenue increased 11.1 percent from the previous quarter, while the net sales of Walmart International jumped 12.2 percent from the previous quarter.

During its fiscal year 2019, Walmart generated 514.4 billion dollars, an increase of 14.1 billion dollars, or 2.8 percent over its previous fiscal year. While the net sales of Walmart International reached 120.8 billion dollars, up 2.3 percent year on year.

In China, a key market for Walmart, net sales increased 1.0 percent. The company mentioned some factors which affected the sales in China, including intensifying competition from both online and traditional retailers as well as slower economic growth.

China's economy grew 6.6 percent year on year in 2018, above the official target of around 6.5 percent, but was lower than the 6.8-percent growth registered in 2017.

Walmart U.S. eCommerce continued to benefit from the expansion of grocery pickup and delivery and a broader assortment on Its eCommerce sales increased 40 percent in the fiscal year 2019.

Headquartered in Bentonville, U.S. state of Arkansas, the multinational retail corporation Walmart Inc. is the world's largest company by revenue as well as the largest private employer in the world with 2.3 million employees.

Walmart has joint ventures in China and several majority-owned subsidiaries, operating over 400 stores.
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