WalMart's total revenue in fiscal year 2023 exceeds 610 billion dollars
Time： 2023-03-09 16:23
On February 22, Wal Mart released the fourth fiscal quarter and annual financial report of fiscal year 2023 as of January 31. The data showed that Wal Mart's global total revenue was $611.3 billion, up 6.7% year on year; Net profit was US $11.7 billion, down 14.6% year on year.
Data shows that the number of high-level and middle-level consumers visiting Wal Mart has increased. With the economic pressure, they will tend to look for cheaper alternatives, and this situation will continue for a long time, which is a good omen for Wal Mart. Wal Mart's overall market share in the field of groceries is increasing. December 2022 is the largest month in its history.
Wal Mart's performance in the Chinese market is particularly remarkable. The net sales of Wal Mart China in the fourth fiscal quarter of fiscal year 2023 increased by 13.5%, and its Sam's Club Store and Wal Mart's e-commerce business both performed well.