🚨 Walmart is Killing Amazon 🚨
Walmart earnings came out yesterday and they were spectacular!
âš¡ Here are some highlights:
-Revenue: $169.59 billion vs. $167.72 billion expected.
-75% of this growth is coming from new customers with 7-figure salaries.
-Operating income is skyrocketing thanks to 3P seller advertising income and Walmart+ memberships.
-Walmart just cracked 700 million unique listings on their platform.
While everyone is thanking TikTok Shop and Temu for the announcement that Amazon will not be raising fees in 225, they should actually be thanking Walmart. They continue to chip away at their market share and Amazon has noticed.
Do yourself a favor and start investing in Walmart. Here's the reality, they are just ten years behind Amazon. Brand owners who have launched on their platform are seeing an average of 15% of their total Amazon sales so they should not be ignored!
It's all about building out the review MOAT. Everyone knows that the gold rush on Amazon is long gone but there is a wild one happening on Walmart right now. It's a fantastic time to carve out a big slice of the pie and establish yourself as a leader on Walmart while everyone else is distracted by TikTok.
I'm sure some of you are kicking yourselves for not launching on Amazon sooner. Don't make the same mistake twice when it comes to Walmart.
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P.S.
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