Wal-Mart’s Online Sales Up 74%

From Yahoo Finance:

Here were the main numbers compared to Bloomberg consensus forecasts:

Revenue: $134.6 billion vs. expectations of $132.48 billion
Adjusted EPS: $1.18 vs. expectations of $1.12
Walmart U.S. comp-store sales (excluding gas): 10% versus expectations of +8.6%
Walmart U.S. e-commerce sales: up 74%

Unlike most in the brick-and-mortar retail space, Walmart’s spiking online sales [have] been complemented by resilient store traffic.

What I’d be super interested to see is two-fold:

  1. How did 3rd-party sellers fare in this 74% online growth statistic?
  2. What the next quarter looks like.

It’s no secret Wal-Mart has a 3rd-party selling interface like Amazon, but their infrastructure just isn’t the same. Sellers are required to do all of their own fulfillment and fulfillment fees can make it a non-starter.

As states re-open, I’d be curious to also see how the next quarter and future quarters pan out. Looking at my recent buying habits as an example, I’m buying goods from some places purely because its the only choice, Wal-Mart being one of them. Typically I don’t find what I need at a comparable price on Wal-Mart’s Web site.

This could also give Wal-Mart they kick they need to really bolster their e-commerce platform not only for themselves, but 3rd-party sellers, as well.

Last Updated: February, 7th, 2021 at 07:19 pm UTC
Johnathan Lyman

Johnathan Lyman



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