Strong show in India, US increase Walmart’s international sales by 2.8%

Walmart, the world’s largest retailer, said on Tuesday its international net sales for fiscal 2020, increased 2.8 per cent in constant currency with strength in India, Mexico, and China. For fiscal 2020, revenue was $524.0 billion, an increase of $9.6 billion, or 1.9 per cent. Excluding currency, revenue was $528.1 billion, an increase of $13.7 billion, or 2.7 per cent.

“In Q4 (fourth quarter), we saw strong performance in the US with e-commerce and Sam’s Club plus strength in Mexico, India and China,” said Doug McMillon, president and chief executive officer, Walmart, in a statement.

In the fourth quarter, Walmart International, the segment that consists of the retail giant’s operations outside the US, e-commerce, led by Flipkart and online grocery sales in several markets, contributed 12 per cent of segment sales. In Q4, revenue was $141.7 billion, an increase of $2.9 billion, or 2.1 per cent.