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Walmart US Q4 Ecommerce Sales Slow

22 February 2018

Walmart shares suffered their biggest percentage fall for more than three decades on Tuesday after reporting disappointing online sales figures for the Christmas period.

Walmart has worked quickly to construct its online business over recent years to head off the dominance online of Amazon.

Moody's Lead Retail Analyst Charlie O'Shea described Walmart's online performance as "impressive" in comments emailed to Retail Dive.

Furthermore, the company managed to report great figures from their quarter despite the lackluster earnings per share; Walmart managed to bolster its revenue and US same-store sales. E-commerce sales increased 44%.

Amazon delivered growth of 40 per cent in the United States... Looking at the stock's movement on the chart, Walmart Inc. recorded a 52-week high of $109.98.

Walmart is having trouble keeping up with its e-commerce competition. "Our stores are executing better, we're innovating more, and customers are responding with higher sales and traffic", he said in an earnings call with investors yesterday.

"We're confident in our strategy to transform the company", Mr McMillon said. (Excluding currency, the increase was lower, at 3.1%.) Comparable sales in the US were up 2.6% in Q4, and Walmart said that on a two-year stack, comps were the best in eight years with a 4.4% increase. Since then, Walmart is starting to shift marketing spend on the millennial-centric upstart to reach younger shoppers directly via Walmart.com, the company explained Tuesday. Retail stocks fell broadly Tuesday as Walmart's share price dropped.

I think as we look at this year, we're trying to preserve flexibility as we go through the year to decide what level of investment we want to make in e-commerce as we go month to month and quarter-to-quarter. Thanks to these trends, along with solid traffic, Walmart's third-quarter fiscal 2018 marked its ninth and 13th straight quarter of positive earnings surprise and comps growth, respectively.

Last month, Sam's Club began closing 63 US clubs while turning a dozen of them into warehouses for digital sales, with the goal of speeding up deliveries.

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For the current year, the company expects US comparable Walmart store sales to rise 2% and net sales growth of 1.5% to 2%.

"They're doing well", Yarbrough said.

Walmart CEO Doug McMillon said that as the holiday goods such as toys and TVs flooded the e-commerce warehouses of Walmart, they squeezed room for the company's everyday items like toilet paper, which meant that the retailer ended up running out of certain items, which hurt is online sales.

Walmart's proposed investment in Flipkart will include setting up a chain of physical retail stores in India, according to an Economic Times report citing sources.

For the year, total revenue was $500.9 billion, an increase of $15.1 billion, or 3.1%, excluding currency.

Fourth-quarter total revenue was $136.3 billion, an increase of 4.1% from previous year. The company has market cap of $271.06 billion. Comp sales at Sam's Club were up 2.4% during the same period.

The company estimated its tax rate would be between 24 percent to 26 percent as a result of the new federal tax structure.

Bentonville, Ark. - Walmart's chief executive laid out some of the improvements the company has made while reviewing fourth-quarter results this morning.

Walmart US Q4 Ecommerce Sales Slow