Walmart closed out its 2025 fiscal year on 31 January, reporting an increase in revenue year over year and a continuation of growth in e-commerce sales.
Walmart’s total revenue climbed 4.1 percent in its fiscal fourth quarter of 2025 to USD 181 billion (EUR 173 billion), aided by a 20 percent year-over-year rise in U.S. e-commerce sales in the period.
For the full fiscal year, Walmart achieved 5 percent revenue growth year over year, totaling USD 681 billion (EUR 651 billion).
Walmart’s U.S. grocery segment remains a “standout category” for the retailer, Walmart CFO John David Rainey told investors during a recent earnings call, per Grocery Dive.
“Our focus remains on delivering value to customers and members while driving sustainable growth for shareholders. Customers continue to respond to our value proposition as we provide lower prices, a broader assortment, and greater levels of convenience,” Rainey said.
For the 2026 fiscal year, Walmart is expecting a “normalized year,” with anticipated inflation of just 1 percent to 2 percent overall, albeit with some outlier products like eggs.
“Our focus on bringing down pricing through rollbacks continues despite pockets of food inflation in areas like eggs, bacon, and ground beef. Like-for-like pricing in general merchandise and consumables was deflationary, while food remained inflationary in the low single digits,” Walmart President and CEO Doug McMillon said.
Additionally, Walmart executives are not overly concerned about tariffs proposed by U.S. President Donald Trump.
“As we’ve been saying, tariffs are something we’ve managed for many years; we’ll just continue to manage them,” McMillon said. “We can’t predict what will happen in the future, but we can manage it really well.”
Despite the rise in revenue and the lack of concern for possible tariffs, Walmart recently announced it would lay off or relocate as many as 800 corporate employees.
As part of the retailer’s broader relocation strategy that began last year, Walmart is closing its office in Charlotte, North Carolina, U.S.A., and the company is also asking employees in Hoboken, New Jersey, as well as some of its smaller offices across the country, to relocate either to its headquarters in Bentonville, Arkansas, or its office in Sunnyvale, California, according to a 4 February memo from Donna Morris, Walmart’s chief people officer.
Meanwhile, Canada’s biggest retailer Loblaws reported a 2.5 percent increase in total revenue year over year to CAD 61 billion (USD 43 billion, EUR 41 billion) for its 2024 fiscal year.
Similar to Walmart, the operator of around 2,500 stores also said e-commerce sales soared nearly 17 percent.
"We are very pleased to deliver another year of consistent operational and financial performance, reflecting our continuous focus on execution of our strategies and retail excellence,” Loblaw Companies President and CEO Per Bank said. "We are providing unmatched value which is resonating with Canadians.”
Loblaw plans to further invest in its network by opening around 80 new food and drug stores, along with 100 new clinics.
The retailer also opened its first Asian foods-focused T&T Supermarket in the U.S. in the fourth quarter of 2024, located in Bellevue, Washington, with plans for additional U.S. stores in 2025, including in California.
