Strong U.S. economy boosts Walmart's third-quarter sales
17 Novembre, 2018, 04:44 | Auteur: Auguste Feret
Walmart Inc. sailed into the United States holiday season with stronger-than-expected sales and a boosted full-year outlook, signalling that the world's largest retailer can more than hold its own against rival Amazon.com Inc.in the critical holiday weeks ahead.
The catch is that Walmart is still way behind Amazon on the e-commerce front.
"Fresh (food) continues to do very well but there is strength across the board from a category standpoint", Chief Financial Officer Brett Biggs told Reuters in an interview. Walmart is expected to grab 4 percent of US e-commerce sales, or about $20.9 billion, up from 3.3 percent a year ago, eMarketer said.
"Overall, we're encouraged by the momentum in our business and excited to be in a strong position to invest for the future as prior investments pay back", McMillon said in a statement. McMillon said Walmart can offer fresh food within 10 miles of 90 percent of the USA population. Comparable sales for Walmart stores in the US-the best barometer of the company's performance-rose 3.4% in the third quarter, beating analysts' estimates.
The company has expanded its grocery pickup program, which allows customers to order online and pickup at 2,100 of its US stores.
Walmart has recorded over four straight years of USA growth, unmatched by any other retailer.
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