Walmart Q1 operating income declines 41.7% due to dilution from Flipkart

Walmart Q1 operating income declines 41.7% due to dilution from Flipkart

Walmart, the world’s largest retailer, said its reported international operating income in the quarter declined 41.7 per cent and went down 37.5 per cent in constant-currency terms, primarily on account of Flipkart. The Bentonville-based company (in Arkansas) is locked in a battle with US rival Amazon for dominance in India’s online retail market through online retailer Flipkart, which it acquired for $16 billion last year in May.

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