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E-mail Xinhua, February 21, 2025
International retail giant Walmart Inc. saw strong sales growth in China during its fiscal quarter ending Jan. 31, according to the latest earnings report issued by the company on Thursday.
Walmart reported 5.1 billion U.S. dollars of net sales in China on a constant currency basis in the previous quarter, rising 27.7 percent year on year, higher than the growth rate of 16 percent to 17 percent in the previous three quarters.
Meanwhile, Walmart International had 34.3 billion U.S. dollars of net sales on a constant currency basis in the last quarter up 5.7 percent year on year.
In particular, Walmart registered 34 percent of growth in eCommerce sales in China in the previous quarter thanks to continued strength in Sam's Club and eCommerce.
Sales growth was positively affected by an earlier Lunar New Year shopping season, said Walmart.
Walmart generated 674.538 billion U.S. dollars of net sales in fiscal year 2025, up 5 percent. The company realized 2.41 U.S. dollars of diluted net income per common share attributable to Walmart in the period, up 26.2 percent year on year, according to the latest earnings.
Still, Walmart forecasted slower growth in both revenues and net income in fiscal year 2026 which starts from Feb. 1.
