Despite an ongoing pandemic that has roiled industries across the globe, Walmart is continuing to post strong revenue numbers. The mega-retailer announced that it had $134.7 billion in total revenue in the third quarter of fiscal year 2021, an increase of 6.7 billion or 5.2 percent from the same period in 2019.
In 2020’s third quarter, the company saw “increased demand for products across multiple categories,” according to its U.S. Securities and Exchange (SEC) filing. This demand drove its growth in its U.S. retail stores, Sam’s Club stores, international stores and online stores.
Walmart’s U.S. stores saw a growth of 6.4 percent in major categories, including general merchandise, health and wellness, and food. The company had $88.4 billion in net sales during the third quarter, an increase of $5.2 billion over the $83.2 billion Walmart netted in the third quarter of fiscal year 2020.
On the international side, Walmart saw a slight increase in net sales. Walmart International netted $29.6 billion in the third quarter of FY 2021 compared to $29.2 billion in FY 2020, an increase of $0.4 billion or 1.3 percent. When adjusted for constant currency, the net sales increase rises to $30.6 billion for the third quarter in FY 2021, while the FY 2020 figure remains the same.
Sam’s Club also experienced a modest net sales growth in the third quarter of fiscal year 2021. The company garnered $15.8 billion, an increase of $1.2 billion, over its net sales of $14.6 billion in FY 2020.
Perhaps the most notable announcement was Walmart’s e-commerce figures. According to the retailer, Walmart U.S. saw an increase of 79 percent across all of its e-commerce channels. This e-commerce increase boosted comp sales by approximately 570 points. Sam’s Club had an increase of 41 percent for e-commerce.
“This was another strong quarter on the top and bottom line. Our associates continue to impress during this challenging year. They are working together to serve customers and communities in new, relevant ways and we’re very proud of them. We think these new customer behaviors will largely persist and we’re well positioned to serve customers with the value and experience they’re looking for,” Walmart president and CEO Doug McMillon said in a statement.