As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses.
Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise.
The Bentonville, Arkansas-based retailer is spending heavily to compete against Amazon. It’s seen that pay off with significant sales growth, especially in its grocery business. Walmart’s e-commerce sales in the U.S. grew by 41% in the third quarter — its strongest quarter reported so far in fiscal 2019 — and the company estimated online sales would grow by 35% for the full year. It will report earnings for the fourth quarter Tuesday.
