Walmart to Offer 3-Hour Delivery to 95% of Americans

Core Insights - Walmart aims to deliver to 95% of Americans within three hours by year-end, supported by investments in supply chain technologies [1] - The company is leveraging advanced technologies, including AI and automated systems, to enhance supply chain efficiency and customer experience [2] - Walmart's strategy focuses on providing omnichannel services, allowing customers to choose between eCommerce deliveries, curbside pickups, or in-store visits [3] Financial Performance - Walmart reported a 5.1% revenue growth and an 8.6% increase in operating income for the fiscal year ending January 31 [5] - The advertising business saw a significant 27% increase, while membership income rose by 21% [5] - eCommerce sales reached $121 billion, with 8.3 billion units delivered the same or next day [4] Strategic Positioning - The company emphasizes its adaptability and innovation in navigating various challenges, including economic crises and inflation [5] - Walmart positions itself as a hybrid entity, combining people and technology, stores and eCommerce, as well as innovation and execution [6]