Walmart's Q4 earnings report is out, with revenue of $152.1 billion

Yesterday, Walmart released relevant data for the fourth quarter of 2020 and its revenue for fiscal year 2021. Affected by the continued impact of the 2020 epidemic, Walmart 's performance in the fourth quarter continued to grow strongly, and it is welcoming the new and challenging 2021 with a good trend .

Q4 revenue reached $152.1 billion, up 7.3%

According to the financial report released by Walmart, its total revenue in the fourth quarter of 2020 reached a record high of US $152.1 billion, an increase of US$10.4 billion, or 7.3% . The total revenue in 2020 was close to US$560 billion, an increase of US$35 billion .

In 2020, Walmart grew very rapidly and its various departments performed very well.

In the fourth quarter, Walmart U.S. omnichannel sales increased by 8.6%, while Walmart U.S. e-commerce sales increased by 69% , with strong e-commerce development, including rapid sales growth of most products . Walmart Sam's Club sales increased by 10.8%, and its e-commerce sales also increased to 42%.

Although Walmart International's net sales were affected to some extent by exchange rate changes, it still maintained a 5.5% increase to US$34.9 billion . Among them, Flipkart, its Mexican branch and its Canadian branch performed the best.

It is reported that sales performance of categories related to household , electronics , sporting goods and toys , and groceries have shown strong growth and are very popular among consumers on the platform and in stores.

Strong growth of e-commerce has become a new driving force for Walmart's development

During the pandemic, e-commerce has demonstrated its unique growth advantages, with global e-commerce growing strongly amid severe damage to physical operations.

This situation gives Wal-Mart hope for growth. It relies on the perfect combination of its existing e-commerce model and a large number of one-stop stores to continuously meet the ever- changing consumer needs. E-commerce has gradually become the main driving force for Wal-Mart's development.

In 2020, Walmart increased its investment in e-commerce . The transformation of its business model, the development of automated warehouses, and the increase in e-commerce employees all demonstrate Walmart's emphasis on the development of e-commerce. It is reported that Walmart currently has nearly 1.5 million employees nationwide , has established pop-up e-commerce centers and a large number of automated warehouses, etc.

At the same time, Walmart has also vigorously developed online groceries, taking advantage of its physical stores, extending grocery business hours, simplifying the pickup and delivery process, and attracting a large number of consumers. Walmart's online grocery performance was very good throughout the year last year.

Walmart has come to a perfect end in fiscal 2021. As for the future, Walmart said that in the face of challenges in the new year, it expects net sales to continue to grow in the low single digits in fiscal 2022 .

Walmart

Financial Report

Q4