Walmart Posts Strong 4Q Earnings with E-Commerce Boost; Acquires Vizio to Expand Data and Advertising
-
Walmart reported better-than-expected 4Q earnings results, with e-commerce sales up 23% year-over-year and record high sales before Christmas.
-
The company is acquiring Vizio for $2.3 billion to leverage data and connect with customers, complementing 33% growth in Walmart's advertising business.
-
Walmart gained market share across almost every category as its omnichannel retail model resonates with customers seeking value amid high inflation.
-
The company is investing in associates with higher wages and stock options to empower frontline workers and boost shareholder value.
-
Walmart aims to balance national brands with its private label offerings that are 10-30% cheaper, now representing over 20% of Walmart US sales.