Walmart reported a conservative outlook during its recent earnings report, but highlighted significant growth with $681 billion in annual sales. The company's revenue has increased by over $121 billion in the past four years, surpassing the revenue of Target. Furthermore, 30% of Walmart's online shoppers utilize a premium service for expedited delivery within one to three hours, showcasing Walmart's competitive edge in logistics. However, challenges loom as Amazon's growth threatens Walmart's leading position in the retail sector.
If you think you know Walmart, think again. While investors weren't too thrilled when Walmart reported a conservative outlook during its fourth-quarter earnings this week, the company shared three key numbers that underscore just how much the company has grown in recent years.
$681 billion in annual sales... Walmart's full-year revenue has grown by more than $121 billion over the last four years and is greater than the $107.5 billion Target has made in revenue over the past year.
30% of Walmart's online shoppers pay to not wait... The company said nearly a third of e-commerce shoppers pay a fee to get delivery within a one- or three-hour window on items like groceries and pharmacy prescriptions.
Walmart's ability to achieve this ultrafast same-day service is driven largely by its fleet of more than 4,600 US stores, which are within a short drive of 93% of US households.
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