Walmart generated $514.4 billion in revenue in the fiscal year ended Jan. 31, 2019, up from $500.3 billion the previous year.
Perhaps most notably, Walmart U.S. grew comp sales 3.6% excluding fuel, the highest annual growth rate in a decade, according to the company’s annual report for 2018.
In addition, e-commerce sales grew 40%. The contribution of that segment for the company, while still a drop in the bucket compared to in-store sales, is growing.
“Walmart U.S. e-commerce sales positively contributed approximately 1.3% and 0.7% to comparable sales for fiscal 2019 and fiscal 2018, respectively, as we continue to focus on a seamless omnichannel experience for our customers,” the company wrote in its report.
Walmart invested $5.2 billion in e-commerce, technology and supply chain in the fiscal year ended Jan. 31, 2019, up from $4.5 billion the previous year. The company also spent slightly more in 2018 on store remodels, $2.1 billion, up from $2 billion the previous year.
On the other hand, Walmart poured much less into new stores in 2018: $313 million versus $914 million the previous year.
“This allocation aligns with our initiatives of improving our customer proposition in stores and clubs and a seamless omnichannel experience for our customers,” Walmart wrote in the report.
The company now offers grocery pickup at more than 2,100 locations and grocery delivery from nearly 800 locations.
Grocery continues to be a major component for the company, representing 55% of Walmart U.S. net sales. Grocery accounted for $184.2 billion of the $331.6 billion total, per the report.
Check out the full 100-page report here.
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