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.

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Source Fool.com