{"id":43360,"date":"2023-09-12T13:39:06","date_gmt":"2023-09-12T13:39:06","guid":{"rendered":"https:\/\/histarmar.net\/?p=43360"},"modified":"2023-09-12T13:39:06","modified_gmt":"2023-09-12T13:39:06","slug":"amazon-crushes-walmart","status":"publish","type":"post","link":"https:\/\/histarmar.net\/world-news\/amazon-crushes-walmart\/","title":{"rendered":"Amazon Crushes Walmart"},"content":{"rendered":"

Walmart Inc. (NYSE: WMT) has crushed its brick-and-mortar rivals, which includes its strength in the grocery store sector. It is, by most measures, the second-largest e-commerce retailer in America. However, investors do not think it will ever catch Amazon.com Inc. (NASDAQ: AMZN), which has something Walmart never will: a huge cloud computing business. (These are 17 awful investments made by Amazon.)<\/p>\n

In its most recently recorded quarter, Walmart\u2019s revenue rose 5.7% to $161 billion, making it the largest American company based on that yardstick. Walmart\u2019s e-commerce revenue rose 24% year over year. The number is meaningless since Walmart does not disclose revenue for this business, which suggests that the numbers are not impressive.<\/p>\n

Walmart management said grocery operations fueled its success. This was called out in the most recent earnings release: \u201cGained market share in grocery with strong unit growth.\u201d Once again, the numbers are murky, but industry experts say Walmart\u2019s figures are better than Kroger\u2019s, the largest grocery chain in America. Axios puts Walmart\u2019s share of the national grocery business at 25% and Kroger\u2019s at 6%.<\/p>\n

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\nAmazon\u2019s retail business had revenue of $113 billion in the past quarter, up 12%. That is a slowdown of the ridiculous growth rate a decade ago, but still unmatched in revenue in the e-commerce sector. Many investors still believe that a company without the costs of stores is better off than companies that have them.<\/p>\n

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\t\t\t\tALSO READ: The 50 American Company Slogans Everyone Recognizes
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\nAmazon\u2019s real engine is its cloud business. In the most recent quarter, Amazon Web Services grew 12% to $22.1 billion. Its margin was an extraordinary 24%.<\/p>\n

Wall Street\u2019s preference is clear. Amazon\u2019s shares are up 70% this year, while Walmart\u2019s are only 16% higher.<\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Walmart Inc. (NYSE: WMT) has crushed its brick-and-mortar rivals, which includes its strength in the grocery store sector. It is, by most measures, the second-largest e-commerce retailer in America. However,<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAmazon Crushes Walmart - histarmar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/histarmar.net\/world-news\/amazon-crushes-walmart\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Crushes Walmart - histarmar\" \/>\n<meta property=\"og:description\" content=\"Walmart Inc. 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