Walmart's Q4 Report Shows 23% Sales Increase as Retail Giant Aims to Acquire Vizio
  • 2 months ago
Walmart exceeded fourth-quarter expectations with a 6% revenue boost, fueled by robust holiday sales and significant global e-commerce expansion. The retail giant reported $1.80 adjusted EPS versus $1.65 expected and $173.39 billion revenue versus the $170.71 billion expected. Global e-commerce sales grew 23% year-over-year topping $100 billion total, with 17% growth in the US. The company will acquire Vizio for $2.3B to accelerate the growth of its advertising business, which grew 33% globally and 22% in the US.