Walmart said the return on assets (RoA) was 6.7% and 3.4% for the financial years ended January 31, 2020, and 2019, respectively
Walmart is locked in a battle with Amazon for dominance in India’s online retail market through Flipkart. “The fourth quarter started and ended strong with solid sales growth through Cyber Monday and in January,” said Brett Biggs, chief financial officer, Walmart. “We experienced softness in some key international markets, as well as in Chile, where unrest led to disruption in the majority of our stores. Walmex (Walmart de Mexico), China, and Flipkart all had a solid quarter.”
Walmart, the world’s largest retailer, said on Tuesday its international net sales for fiscal 2020, increased 2.8 per cent in constant currency with strength in India, Mexico, and China. For fiscal 2020, revenue was $524.0 billion, an increase of $9.6 billion, or 1.9 per cent. Excluding currency, revenue was $528.1 billion, an increase of $13.7 billion, or 2.7 per cent.
“In Q4 (fourth quarter), we saw strong performance in the US with e-commerce and Sam’s Club plus strength in Mexico, India and China,” said Doug McMillon, president and chief executive officer, Walmart, in a statement. In the fourth quarter, Walmart International, the segment that consists of the retail giant’s operations outside the US, e-commerce, led by Flipkart and online grocery sales in several markets, contributed 12 per cent of segment sales. In Q4, revenue was $141.7 billion, an increase of $2.9 billion, or 2.1 per cent…Keep Reading
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