Membership income increased 15.0 percent. eCommerce sales were up 26 percent. Net sales at Walmart International grew 8.0 percent to $30.28 billion, with strength in Walmex, Flipkart and China.

Walmart warned investors Tuesday that its acquisition of Flipkart will hurt its quarterly profit. Walmart agreed to pay $16 billion for a 77 percent stake in the company earlier this year.

Net sales at Walmart International grew 17.6 percent to $32.42 billion, with strength in Walmex, Flipkart and China.

The sell-off in Walmart shares comes just four days after they closed at a record high. The dip in shares has put them on track to have their worst day since they fell 11.4% on May 17, 2022. Also ...

Walmart-backed ecommerce major Flipkart is reportedly looking to raise a fresh funding of $1 Bn, with the US retail giant committing $600 Mn. This fresh infusion will likely value Flipkart at ...

Walmart reportedly also bought the remaining stake of Flipkart cofounder Binny Bansal earlier this year.Ecommerce2007BengaluruBinny Bansal +1$14.0 BnEcommerce2007BengaluruBinny Bansal +1$14.0 Bn ...

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

After shaking up his leadership structure and setting aggressive sales targets, Mr. Krishnamurthy has accepted a $16 billion investment from Walmart to help Flipkart establish an advantage over ...

India's shopkeepers took to the streets on Monday to protest Walmart's $16 billion takeover of Indian e-commerce leader Flipkart. Around a million local traders were expected to protest Walmart's ...

Walmart recently acquired a 77 percent stake in Flipkart for $16 billion. Alphabet has been engaging in conversations with the company, but a person close to the deal says the $3 billion stake ...