Walmart China drives growth in Chinese market led by Sam's Club
WMT Walmart Inc
$107.20 +2.03%
View chart & analysis → - 1Walmart China recorded $24.6 billion in revenue last fiscal year, achieving a 19.3% surge in its share of total revenue.
- 2Sam's Club expanded from 15 locations in 2016 to 67 as of May, contributing approximately 70% of Walmart China's revenue.
- 3Walmart China's revenue growth rate of 20.7% last quarter was higher than the company's reported overall growth rate of 5.9%.
So what's the key point?
Walmart China's revenue reached $24.6 billion. Sam's Club is driving growth by accounting for about 70% of China's revenue.
Source Fortune · View original ↗
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