BENTONVILLE, AR - It’s looking as though Walmart is continuing to cement its hold on the grocery retail industry. In a recent release, Walmart reported its fourth quarter and full-year highlights for 2023, with total revenue reaching $164 billion for the quarter, up 7.3 percent, or 7.9 percent in constant currency.

According to a release from Walmart, the retailer delivered strong revenue growth globally with strength both in stores and via e-commerce channels. Walmart U.S. comp sales grew 8.3 percent and 13.9 percent on a two-year stack. On the other hand, Sam’s Club comp sales increased 12.2 percent and 22.6 percent on a two-year stack. Membership income increased 7.1 percent with member count at an all-time high.

Highlights from the full year include:

• Total revenue was $611.3 billion, up 6.7 percent
• Walmart U.S. comp sales increased 6.6 percent and 13 percent on a two-year stack
• Walmart U.S. e-commerce sales grew 12 percent and 23 percent on a two-year stack
• Sam’s Club comp sales increased 10.5 percent and 20.3 percent on a two-year stack. Membership income increased 8.6 percent

For more information, check out the press release here.

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