Walmart (WMT) saw strong e-commerce sales in its first quarter, with delivery business volume surpassing in-store pickups. TD Cowen Senior Research Analyst...
) saw strong e-commerce sales in its first quarter, with delivery business volume surpassing in-store pickups. TD Cowen Senior Research Analyst Oliver Chen joins The Morning Brief to break down the retail giant's performance as consumer wallets tighten amid sticky inflation.
We spoke with Walmart CFO John David Raine about the state of the consumer and here's what he had to say, the consumer has been relatively consistent.Uh if there's something there, something that we should be more aware of, but they've been pretty consistent quarter to quarter here.They're still using discretion with buying those those higher income items we wanna bring in Oliver Chen.I'm curious just to get your rea reaction to what we just heard from Jon David.
So it's a very trusted brand and Walmart Plus is a great momentum as we think about artificial intelligence technology, Walmart being a tech company, this membership model, the marketplace model and digital advertising. So this whole ecosystem is working and when you do experience curbside, pick up your net promoter scores are high, you recommend it to others and you do come back, Oliver, I I mean, you're a very fashionable person.
Oliver Chen TD Cowen Senior Research Analyst
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