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Walmart’s Digital Push Paid Off: Growth Accelerated in Q1

Adrian Stevens
Walmart’s Digital Push Paid Off: Growth Accelerated in Q1

Walmart’s (WMT) e-commerce sales were the key catalyst behind its stellar stock performance in 2017, which is why investors dumped Walmart stock soon after the company reported a deceleration in its digital sales in fiscal Q4 2018. Walmart’s e-commerce sales jumped 33.0% in fiscal Q1 2019, reflecting strong sequential growth. Walmart stood by its earlier guidance and expects its e-commerce business to record 40.0% growth in fiscal 2019.