Walmart e-commerce sales surge as CEO touts ‘price, speed and convenience’

Walmart’s e-commerce sales grew in the second quarter across its major business segments.

Global e-commerce sales rose 23%, led by store-fulfilled pickup and delivery and its online marketplace, according to the company’s Q2 earnings report released Thursday.

The gains were even stronger in the U.S., where e-commerce sales increased 24%, with strength in store-fulfilled delivery, advertising and marketplace.

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Walmart President and CEO John Furner pointed to the retailer’s online growth as a sign that customers are responding to its “price, speed and convenience.”

“Our team delivered another good quarter, and we continue to make steady progress on the long-term value drivers of our business,” Furner said in a statement. “Our multi-year growth in e-commerce is evidence that customers are choosing Walmart because we deliver price, speed, and convenience across a broad assortment.”

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He added, “At Walmart, they can have it all.”

Sam’s Club U.S. — a major division owned and operated by Walmart — also saw strong e-commerce growth, with sales up 26%, driven by continued growth in club-fulfilled pickup and delivery, according to the report.

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Walmart International also posted strong e-commerce growth, with e-commerce sales rising 19%, driven by store-fulfilled pickup and delivery.

Walmart reported revenue of $187.9 billion, up 5.9% from a year earlier, and raised its outlook for the fiscal year.

“Our business model is only getting stronger and more durable, and we’re pleased to raise our guidance for the year,” John David Rainey, Walmart Inc. executive vice president and chief financial officer, said in a statement.