Other notes from the conference call included som intersting tidbits
(these are copy and paste from the transcript)
• For the quarter, both Walmart US and Sam’s Club US were slightly deflationary overall.
• Walmart US food prices were slightly inflated as we exit Q2, but down 30 basis points versus Q1.
• In Walmart US, we have more than 7,200 rollbacks across categories.
• We’re also seeing higher engagement across income cohorts, with upper-income households continuing to account for the majority of gains, even while we grow sales and share among middle and lower-income households.
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I found the following even more interesting than the above, but, I’m weird that way.
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• Walmart US marketplace sales grew 32% for the quarter.
• eCommerce sales grew about 20% for each segment and 21% overall.
• Globally, advertising grew 26%, including 30% growth for Walmart Connect in the US
• Pick-up is growing faster than our in-store or club sales, and delivery is growing even faster than pick-up
• We’re seeing private brand penetration continue to increase, and we’re highly encouraged by customer uptake of our new food brand, Bettergoods, and the early excitement surrounding the relaunch of our young adult fashion brand, No Boundaries.
• Store-fulfilled delivery was up about 50% in Q2
• Sam’s is also growing membership across all income levels and with younger demographics, with Gen Z and millennials constituting about half of new members in Q2
