Core Viewpoint - Sam's Club has faced multiple food safety incidents, raising concerns about product quality and consumer trust, despite its strong revenue growth in China [2][18]. Group 1: Food Safety Incidents - A consumer reported finding a live worm in a nut product purchased from Sam's Club, which led to significant media attention and public outrage, with over 20 million views on social media [3][4]. - The customer, who spent 680 yuan on a membership, expressed dissatisfaction with the company's handling of the situation, stating that she would cancel her membership due to the lack of food safety assurance [10]. - Sam's Club acknowledged previous similar issues with the nut product and indicated that they would investigate the source of the problem [15]. Group 2: Financial Performance - Walmart reported strong financial results for Q1, with net sales in China reaching 6.7 billion USD, a 22.5% year-over-year increase, driven by Sam's Club and e-commerce growth [18]. - Membership revenue for Sam's Club in China grew over 40%, with membership numbers continuing to rise, indicating a robust business model despite the recent controversies [18]. - Sam's Club's revenue in China is projected to exceed 100 billion yuan in 2024, highlighting its significant market presence [18]. Group 3: Market Dynamics - The membership-based supermarket sector is becoming increasingly competitive, with Sam's Club operating 55 stores in China since its first opening in 1996 [18]. - Reports indicate the presence of scalpers outside Sam's Club locations, offering services to non-members, which reflects the high demand and exclusivity of membership shopping [25][28].
坚果有虫,山姆又出事