3 Factors Leading Walmart's E-Commerce Business Toward Profitability
Walmart (NYSE: WMT) continued its strong e-commerce sales growth in the fiscal third quarter with U.S. online sales climbing 79% year over year. While that's a slowdown from the 97% growth the company reported the previous quarter, management provided some upbeat comments during the earnings call.
During the third quarter, Walmart saw "significantly reduced operating losses in e-commerce." That's extremely promising considering it was looking at losing $1 billion in its online operations just a year ago.
Here are three factors leading to improved profitability for its online business.
Source Fool.com
