Walmart Sees 37% Sales Growth in Ecommerce in Q1

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Walmart reported 37% growth in ecommerce sales in the first quarter, with online grocery as well home and fashion categories as the primary drivers. Total revenue for the quarter was $123.9 billion, an increase of $1.2 billion or 1%.

“We’re changing to enable more innovation, speed and productivity, and we’re seeing it in our results,” said McMillon. “We’re especially pleased with the combination of comparable sales growth from stores and ecommerce in the U.S.”

Walmart said its ecommerce numbers were buoyed by grocery, home and fashion, driving comp sales up 3.4%, its strongest showing in almost a decade and 10 basis points above analysts’s expectations.

Brett Briggs, executive vice president and CFO of Walmart, said the U.S. business continues to benefit from a healthy economic environment, and customers are responding positively to the company’s omnichannel offerings.

Other highlights from the quarter include the launch of Next-Day delivery on ecommerce orders, with plans to reach 75% of the U.S. population by the end of the year, and the launch of a personalized baby registry on Walmart.com.