Walmart’s investment in eCommerce seems to be paying off according to their latest financial report. With their eCommerce investments, Walmart is now catching up with the Amazon. In the Walmart Q2 financial results, there is good growth in sales and revenue in comparison to Amazon.
Wal-Mart Q2 financial result
Fresh from the digital initiatives to grow the revenue, Walmart increased online sales by 60%. These are some of the data released by Walmart:
- Walmart earned $1.08 share adjustment compare to the past record.
- They get $123.36 billion in revenue, a number higher than the expected by the the industry analysts.
- There is a little decrease of 1.0 % ($28.3 billion) in the international sales, however, as a counterpart; they get an increase of 2.5%, which is $29.3 billion for the net sales. Nine of the eleven analysts see this as a positive for the performance for the company sales.
- For the second quarter, Wal-Mart ESP gets a charge of $0.17. Compare to the Amazon, they have a good performance for the Q2 financial report.On the other hand, with Walmart e-commerce involvement, there is a big difference.
They gain net sales of 60% and 67%, customers invest more in the company that is the reason Walmart earned a total of 67 Million SKUs. As for the GMV growth of Walmart, they get a 60% + sales for the record that made the Amazon go crazy. Walmart is making a thing to move the competitors in the industry.
It is impressive to have a 67 million SKU for the record if you look closer to the digits; it is really a big thing. The company gives credit to the involvement of grocery and food business as the biggest factor them get a good result for the Q2 financial report. The net income of Wal-Mart in both e-commerce and lived store has a good impression and record in the sales of the company. They fell 23 % or $2.9 billion due to the purchase of the debt from the previous transaction made by Walmart. In the growth in
The net income of Wal-Mart in both e-commerce and lived store has a good impression and record in the sales of the company. They fell 23 % or $2.9 billion due to the purchase of the debt from the previous transaction made by Walmart. In the growth in marginal sale, Walmart is down in eleven points that are 25 % including all the declaration for the US.
As for the financial performance scale of Walmart in the second quarter compare to Amazon, they can leave it behind. With the involvement in e-commerce, Walmart has the capacity to stand out among the other competitors such as Amazon. In terms of the transaction in the e-commerce, Walmart and Amazon is a nemesis for each other.