Walmart ecommerce sales grow 17% in Q4

Still, the retailer issued a cautious outlook for the rest of the year, as the company navigates inflationary pressures.

Key takeaways:

• Ecommerce now generates 13% of Walmart’s global revenue.
• Walmart warned Wall Street analysts that profit could fall as much as 6.2% in the current year.
• The retailer expects sales growth in 2023 but attributes much of it to inflation-driven price increases.

Walmart Inc. said its digital sales rose 17% year over year in the fourth quarter.

That ecommerce performance was considerably better than Walmart’s overall numbers for the quarter ended Jan. 27, 2023. Total Q4 comparable sales, excluding gasoline, rose 8.3%.

In a call with Wall Street analysts following the earnings announcement, Walmart CEO Doug McMillon said ecommerce now represents 13% of Walmart’s total global sales.

“We’re excited about our momentum,” McMillon said in a written statement. “The team delivered a strong quarter to finish the year, and as our results in the last two quarters show, they acted quickly and aggressively to address the inventory and cost challenges we faced last year.”