Flipkart delivered double-digit topline growth in Q2: Walmart

Quick Summary:

Walmart-owned Flipkart has been focusing on rightsizing its executive structure and ramping up its grocery offering with its quick commerce arm as its peers continue to capture market share.

The company has raised its expectations for FY25 citing “generally stable consumer and continued pressure from its mix of products and formats globally.” It expects full-year sales growth of 3.75% to 4.75% with an adjusted EPS (earnings per share) of $2.35 to $2.43.

Excluding special items, it reported earnings of 67 cents per share during the quarter.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: IndiaChina

Topics: Billion Flipkart Sales Growth Policy Margin Quarter Contribution Walmart Privacy Delivered

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 15:31:41 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 350 words

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Sentences: 19 lines

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News ID: 22087670

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