Like-for-like sales in the US were up 5.3 per cent, with the number of transactions net of fuel up 3.1 per cent. Among the biggest drivers of sales were food products, where the number of units sold was the highest in four years, and pharmaceuticals, where Walmart reported an increase in sales of GLP-1 weight loss drugs. E-commerce sales in the US increased by 22%
What is amazing is that Walmart continued to expand its market share in the third quarter, with sales from households earning more than $100,000 a year accounting for three-quarters of the gains – in terms of share gains – in the US, CEO Doug McMillon told analysts.
compiled 19 November, updated 21 November 2024
