Flipkart key driver of 13% spike in Walmart's international revenue

Walmart management says early timing of Big Billion Sale, from Q4 last year to Q3 this year, benefited the company

Walmart's international net sales were up 13.3 per cent YoY at $26.8 billion in constant currency led by Flipkart, said the company in this Q3 FY23 results. The Walmart management added that the early timing of Flipkart’s Big Billion Sale from Q4 last year to Q3 this year benefited the company.

Doug McMillan, president and CEO, Walmart said that Flipkart’s performance has been strong with one billion visits by consumers during the eight day Big Billion Sale. “What is important is that 60 per cent of these consumers came from tier-2 and 3 cities,” he added.

He added that the