Walmart grows international sales to US$25.3B in Q3
Walmart has raised its full-year outlook as international sales increased 7.1% in the third quarter to US$25.3 billion.
Total revenue increased 8.7% to $152.8 billion, the retailer said in its quarterly report released today (Nov. 15). Walmart U.S. sales grew 8.5% to $104.8 billion.
The company now projects sales growth of about 5.5% for the year with a $4.1 billion headwind.
“We had a good quarter with strong top-line growth globally led by Walmart and Sam’s Club U.S., along with Flipkart and Walmex. Walmart U.S. continued to gain market share in grocery, helped by unit growth in our food business. We significantly improved our inventory position in Q3, and we’ll continue to make progress as we end the year,” Doug McMillon, president and CEO, Walmart, said in a statement.