Walmart’s Q4 Gross Margins Benefit From Flipkart’s Big Billion Sale

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SUMMARY

Walmart CFO John Rainey said that Flipkart’s BBD event “negatively affected” the retail giant’s YoY sales comparisons in Q4 2024

Flipkart’s BBD sale in 2024 was held between September 27 and October 6, thereby splitting sales between two quarters

Walmart’s international net sales jumped more than 5.7% to $34.3 Bn in Q4 2024 from $32.4 Bn in the year-ago period

Walmart’s chief financial officer (CFO) John David Rainey said that Flipkart’s annual Big Billion Days (BBD) sale “benefitted” the gross…



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Walmart’s Q4 Gross Margins Benefit From Flipkart’s Big Billion Sale


SUMMARY

Walmart CFO John Rainey said that Flipkart’s BBD event “negatively affected” the retail giant’s YoY sales comparisons in Q4 2024

Flipkart’s BBD sale in 2024 was held between September 27 and October 6, thereby splitting sales between two quarters

Walmart’s international net sales jumped more than 5.7% to $34.3 Bn in Q4 2024 from $32.4 Bn in the year-ago period

Walmart’s chief financial officer (CFO) John David Rainey said that Flipkart’s annual Big Billion Days (BBD) sale “benefitted” the gross…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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