Walmart Gains From E-Commerce Amid CE Demand

Walmart U.S. e-commerce sales grew 37% in the quarter ended April 30 from the year-ago period, more than doubling over two years. At Sam’s Club, it gained 47% on curbside pickup, said Chief Financial Officer Brett Biggs. Walmart is focused on serving customers better by “diversifying the model,” said CEO Doug McMillon on a quarterly call Tuesday. He cited investments in pickup and delivery, Walmart+ memberships and other factors. Consumer electronics is one of the “pockets where we continue to chase demand,” said CEO Doug McMillon. “We’re monitoring things like delays into ports and other factors in the supply chain.”