Walmart released its annual report on Tuesday, showing total revenue grew 3% to $514.4 billion in worldwide sales the latest fiscal year.
released its annual report on Tuesday, showing that total revenue grew 3% to $514.4 billion in worldwide sales in the latest fiscal year.
These past five years in this role have passed quickly, and it has been an exciting time to be at Walmart. Looking back, I'm not sure I could have imagined some of the things we're doing in our business today but, at the same time, it feels like we're just getting started. The ways we can use technology today and in the future are exciting, but our business is still a people business. We are people-led and tech-empowered, and that makes investing in our associates a strategic priority. On any given day, our associates may be attending one of our new training academies in the U.S. or entering our new fast-track leadership program for Walmart International.
2. Risk — There is no growth without change, and there is no meaningful change without risk. So, get comfortable with an intelligent level of risk. Otherwise, the law of diminishing returns sets in as always doing the same things the same way takes over. We invested substantially in wages, associate education, pricing and eCommerce. We acquired Flipkart, Jet and others, and we partnered with global technology companies in places like China and Japan.
Breaking it down, Walmart U.S. grew comp sales 3.6 percent, excluding fuel — the highest annual growth rate in a decade — and eCommerce sales increased 40 percent, nearly doubling the sales of that business over the past two years. And momentum continued at Sam's Club with comp sales growth of 3.8 percent, excluding fuel.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk claims Tesla will have 1 million robotaxis driving next year — that's optimisticThe Tesla CEO warned investors, 'Sometimes I am not on time, but I get it done.'
Read more »
How Fannie Mae, Freddie Mac dodged a $600,000 cap on CEO payThe new head of the agency that regulates Fannie Mae and Freddie Mac confirmed he is reviewing issues surrounding executive pay at the housing giants. Nine executives at Fannie and Freddie are paid $2 million or more, despite a $600,000 congressional cap on the CEOs' salaries.
Read more »
Via CEO Daniel Ramot on ridesharing industry and Uber, Lyft IPOsLyft and Uber's IPOs show that ridesharing is a 'very large market' with multiple solutions for passengers, says Via CEO Daniel Ramot.
Read more »
Kraft Heinz hires global brand expert Patricio as CEOKraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hopi...
Read more »
Disney heiress calls CEO Bob Iger's $65.6-million pay package 'insane'Philanthropist and documentarian Abigail Disney, Walt Disney's grandniece, sharply rebuked Iger's compensation. The company said in a statement that it has made “historic investments” to benefit employees workers.
Read more »
Kraft Heinz's new CEO looks beyond cost-cutting, big M&AKraft Heinz Co's incoming chief executive, Miguel Patricio, is indicating a...
Read more »
Disney Heir Abigail Disney Calls CEO Bob Iger's $65 Million Pay 'Insane'Abigail Disney, an heir to the Disney entertainment empire, continues takingthe company to task for CEO Bob Iger's $65
Read more »
In the Elevator With Waze CEO Noam BardinWSJ's Joanna Stern 'bumps into' Waze CEO Noam Bardin and asks him about the company’s relationship with Alphabet, tech regulation and his tips for carpooling. Photo: Rob Alcaraz/The Wall Street Journal
Read more »
Nielsen's CEO says asking for immigration status on the 2020 census will hurt the economyDavid Kenny says businesses rely on the census to make decisions regarding consumer behavior, and asking for citizenship will result in flawed data
Read more »
Former CEO of major drug company first to face charges in opioid crisisLaurence Doud III, the former CEO of Rochester Drug Co-Operative, was indicted Tuesday for narcotics conspiracy and conspiracy to defraud the Drug Enforcement Administration.
Read more »