Walmart’s Q4 Gross Margins Benefit From Flipkart’s Big Billion Sale

Walmart CFO John Rainey said that Flipkart’s BBD event “negatively affected” the retail giant’s YoY sales comparisons in Q4 2024

Flipkart’s BBD sale in 2024 was held between September 27 and October 6, thereby splitting sales between two quarters

Walmart’s international net sales jumped more than 5.7% to $34.3 Bn in Q4 2024 from $32.4 Bn in the year-ago period

Walmart’s chief financial officer (CFO) John David Rainey said that Flipkart’s annual Big Billion Days (BBD) sale “benefitted” the gross…