CanadaвЂ™s e-commerce sales surged 229% over last yearвЂ™s fourth quarter, with growth across all categories.ДЄt SamвЂ™s Club, WalmartвЂ™s warehouse club division, net sales including fuel rose 8.1% to $16.5 billion. Net sales in Canada, one of the divisionвЂ™s top markets, rose 8.6%, as did its same-store sales. Walmart InternationalвЂ™s net sales grew 5.5% to $34.9 billion. Walmart added grocery pickup to about 3,750 more locations and same-day delivery to about 3,000 stores. Same-store sales are considered a key indicator of a retailerвЂ™s health. Sales at stores open at least a year, also called same-store sales, rose 8.6%.

Walmart continued to shrink losses in e-commerce thanks in part to rapid growth in marketplace sales and improved product mix. The unitвЂ™s e-commerce sales grew 69% over last yearвЂ™s fourth quarter. The increase reflected Christmas season sales and stimulus spending in January, the company said. unit - by far the companyвЂ™s largest - posted net sales of $99.6 billion, up 7.9% over the same quarter last year. McMillon also said the company will invest $14 billion in its supply chain to get products to shelves and customers faster.Д«rian Yarbrough, a retail analyst with financial services firm Edward Jones, said he thinks profits missed analyst estimates because thereвЂ™s a lot of concern among investors about WalmartвЂ™s planned ramp-up in spending.ДЄlso, Yarbrough said, WalmartвЂ™s results in coming quarters may look lower in comparison to last yearвЂ™s high spending in some categories as people snatched up sanitizing products and transitioned to working and learning from home. Those opportunities include creating or growing revenue streams such as monetizing WalmartвЂ™s huge database of shopper information continuing to build up its in-house advertising business and expanding its reach into the health care industry, he said. вЂњThis is a time to be even more aggressive because of the opportunity we see in front of us,вЂќ McMillon said. вЂњOur business is strong, and weвЂ™re going to make it even stronger with targeted investments to accelerate growth.вЂќ вЂњThe capabilities weвЂ™ve built in previous years put us ahead, and weвЂ™re going to stay ahead,вЂќ McMillon said. McMillon said the pandemic accelerated change in the retail industry.

He praised workers at WalmartвЂ™s stores and fulfillment centers for their efforts to serve customers throughout the coronavirus pandemic and a busy Christmas shopping season. The stock has traded between $102 and $153.66 in the past year.Дoug McMillon, WalmartвЂ™s chief executive officer, said in the presentation to investors that the company is raising wages for 425,000 of its U.S. WalmartвЂ™s shares closed Thursday at $137.66, down $9.54, or 6.48%, on the New York Stock Exchange. Revenue, including membership fees and other income, rose 7.3%, to $152 billion.

The companyвЂ™s sales in the quarter remained robust. That still missed the average earnings estimate of $1.51 per share from 28 analysts surveyed by Thomson Reuters. 31, compared with net income of $4.1 billion, or $1.45 per share, in the same quarter last year.ДЄdjusting for the overseas sales and other one-time items, Walmart earned $1.39 per share. Walmart posted a net loss of $2.09 billion, or 74 cents per share, for the quarter that ended Jan. The meeting was held virtually this year because of the pandemic. The Bentonville-based retailer released its earnings report shortly before hosting its annual meeting with the investors. The company attributed the loss largely to the sales of operations in Japan and the U.K. said Thursday that its fourth-quarter profit and per-share earnings fell 150% despite record growth in revenue.

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