Flipkart’s Q-Comm Drive Dents Q2 Profit of Walmart International

Growth investments in India, as well as Canada and Mexico, also took a hit on Walmart International’s operating income during the quarter under review

While Walmart International’s overall gross profit rose a mere 1.7% YoY to $6.7 Bn in Q2, operating income, in constant currency terms, declined 2.8% YoY to $1.3 Bn

Walmart executives also said that while Flipkart boasted 300 “minute” fulfilment centres at the end of Q2, Myntra operated 60 MFCs that delivered to customers…