The Arkansas-headquartered retailer reported US$180.6 billion in sales revenue for the quarter ended Jan. 31, less than Amazon’s US$187.8 billion for the final three months of 2024. (The Logic)

Talking point: Walmart’s CFO John David Rainey said on a call with investors that U.S. e-commerce losses narrowed by 80 per cent last year, and that same-day delivery is now available to 93 per cent of U.S. households. “There are still uncertainties related to consumer behaviour and global economic and geopolitical conditions,” Rainey said, adding later that executives “feel good” about the company being able to navigate tariff uncertainty. Walmart’s shares nonetheless fell almost 7 per cent from the market close on Wednesday to the end of trading Thursday, after it forecast profit for the year below analyst estimates. One bright spot was Canada, where sales were up 5.5 per cent to US$6.3 billion.