Walmart's ambitious delivery service is set to reach 95% of the US population within three hours, a notable milestone for the retailer. During a recent earnings call, CEO Doug McMillon outlined the company's rapid growth, noting that Walmart has seen a significant increase in its three-hour delivery capacity, handling nearly twice as many deliveries as last year. This surge has led to Walmart's e-commerce segment posting its first-ever quarterly profit. The retailer's extensive network of over 4,600 stores and strategic investments have contributed to this success, positioning it favorably against competitors like Amazon.
Walmart is on the verge of delivering to 95% of the US within three hours, marking a significant achievement in its e-commerce strategy.
CFO John David Rainey emphasized that increased volume of packages allows Walmart to spread costs, enhancing profitability in the delivery segment.
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