Walmart is Expecting US E-commerce Venture to Become Profitable Within Two Years

Walmart Store

Walmart Inc. announced that it anticipates generating profits from its U.S. e-commerce business within the next two years.

The retailer, based in Bentonville, Arkansas, is striving to achieve e-commerce profitability within one to two years, which includes its advertising and consumer data business, according to Chief Financial Officer John David Rainey.

Walmart Store

He made this statement during a question-and-answer session with analysts on Friday, part of the company’s annual shareholder week.

Rainey also noted that Sam’s Club, Walmart’s warehouse-club chain, is already profitable in its e-commerce operations.

Walmart Store

Walmart has stated its commitment to reducing costs in its e-commerce business while boosting order volumes.

The e-commerce sector has been a significant growth driver for the company, with sales increasing by about 22 percent in the most recent quarter.

Nate O'Hara
Nathan is a seasoned commerce writer with a passion for unraveling the intricacies of the business world and distilling them into engaging narratives. During his academic journey, he delved deep into subjects like economics, marketing, and entrepreneurship, honing his analytical skills and developing a keen understanding of market dynamics.