Walmart’s Q3 2024 Results: What It Means for Sellers

Walmart had a stellar Q3 2024 performance, with a reported $169.6 billion in sales, a 5.5% year-over-year increase, along with a 27% surge in global eCommerce sales​. This growth reflects Walmart’s successful omnichannel strategy, combining in-store and digital experiences to meet evolving customer demands. Moreover, for sellers, these results signal significant opportunities to tap into Walmart’s expanding marketplace ecosystem.

Key Highlights

• Revenue Growth: Walmart reported $169.6 billion in sales, a 5.5% year-over-year increase​
• eCommerce Surge: Global e-commerce sales grew by an impressive 27%, driven by marketplace growth and improved fulfillment services​
• Adjusted EPS: Beating expectations, adjusted EPS stood at $0.58​
• U.S. Performance: Walmart U.S. same-store sales rose 5.3%, supported by strong omnichannel sales growth​
• Guidance Update: Walmart raised its FY25 guidance, forecasting adjusted EPS between $2.42–$2.47 and sales growth of 4.8%-5.1%​

What It Means for Walmart Sellers

With a 27% surge in global eCommerce sales, Walmart’s marketplace is becoming increasingly competitive, especially as it emphasizes enhanced fulfillment and advertising capabilities like Walmart Connect, which grew 26%​. Additionally, you can tap into Walmart’s growing consumer base and leverage its logistics network for increased visibility and faster deliveries.

Key Predictions Based on These Results

1. Increased Marketplace Participation: More third-party sellers are expected to join Walmart’s marketplace, attracted by its robust growth.
2. Focus on Value Products: Walmart’s low-price strategy will likely appeal to budget-conscious consumers during potential economic slowdowns, creating a demand for competitively priced products.
3. Enhanced Advertising Opportunities: The 28% growth in Walmart’s global advertising segment hints at new tools and services for you to enhance your product reach​.

What Walmart Is Doing Well

• Omnichannel Strategy: Combining in-store pickup, delivery, and marketplace growth to cater to diverse customer preferences.
• Efficient Fulfillment: Enhanced logistics capabilities like store-fulfilled delivery are driving eCommerce growth​.
• Advertising Innovation: Walmart Connect’s advancements allow sellers to better target audiences, improving ROI​.

How You Can Benefit

• Marketplace Exposure: With growing consumer traffic, you can capitalize on increased visibility.
• Advertising Tools: Leveraging Walmart Connect for precise targeting can boost your sales.
• Logistics Network: Partnering with Walmart Fulfillment Services ensures faster delivery and customer satisfaction.

TL;DR

Walmart’s Q3 2024 results showcase a strong revenue growth of $169.6 billion, with eCommerce sales surging 27%. Also, the platform’s omnichannel strength and growing marketplace provide sellers with significant opportunities to expand their reach and sales.

Walmart’s stellar Q3 performance highlights its evolution as a leader in the retail and digital marketplace sectors​

Additionally, for sellers, the insight lies in Walmart’s strategic use of its physical stores as fulfillment hubs, which directly enhances delivery speeds and customer satisfaction. This positions Walmart as a competitive alternative to other major marketplaces, especially for sellers targeting value-conscious buyers who prioritize convenience and cost-effectiveness.

At CedCommerce, we see immense potential for sellers to use Walmart’s advanced advertising tools and fulfillment services to optimize reach and scale their operations.

Source: Benzinga