Walmart’s e-Commerce Sales Continue to Surge | Market Realist

Walmart (WMT) continued to impress with its e-commerce sales in fiscal 3Q18. During the quarter, its digital sales in the United States (SPY) rose 50%, driven by strong sales for Walmart.com. Innovative delivery mechanisms, money-saving and time-saving initiatives, expanded offerings, and strategic pricing helped the company report higher sales, despite stiff competition from Amazon (AMZN). Walmart’s e-commerce sales rose 63%, 50%, and 50% in fiscal 1Q18, 2Q18, and 3Q18, respectively.

Walmart’s digital sales are projected to grow at a rapid rate. Management estimates its digital business to generate sales of $11.5 billion in fiscal 2018 and rise 40% in fiscal 2019. However, the rate of growth is expected to decelerate a bit as it laps the Jet.com acquisition.

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Walmart’s e-Commerce Sales Continue to Surge – Market Realist.