Delivering on fulfilment speeds and AI experience - a Walmart status report from CEO John Furner
We are probably as excited about the potential of our business today than at any point in time in the last few years.
That’s the upbeat assessment from Walmart CEO John Furner as the firm turned in a quarterly profit of $5.33 billion, an 18.8% jump year-on-year, on the back of a 7.3% rise in revenue to hit $177.8 billion.
Global e-commerce sales were a bright spot, rising 26% in the first quarter. Furner says:
In e-commerce, in general, being able to deliver Walmart prices, at an everyday low price value with over 7,000 rollbacks, in as little as 30 minutes in so many markets is really helpful in terms of the way our customers are telling us they want to live their lives. So I'm excited about e-commerce. That was our ninth quarter in the U.S. of growth over 20% and the team continues to innovate and help make...
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