How Much of Walmart's Online Sales Growth Came From Groceries?

How Much of Walmart's Online Sales Growth Came From Groceries?

Walmart (NYSE: WMT) grew online sales 74% in the first quarter. In the press release announcing its earnings results, management attributed the acceleration in online sales growth to "strong results for grocery pickup and delivery services." A couple of other notable items from Walmart's report include gross margin contraction of 66 basis points and lower losses for its eCommerce operations.