沃尔玛的Q4业务收入在强大的电子商务、广告和会员人数增长方面增长10.8%,超过了收入收益。 Walmart's Q4 operating income rose 10.8% on strong e-commerce, advertising, and membership growth, outpacing revenue gains.

沃尔玛的财政年度第四季度,营业收入逐年增长10.8%,超过5.6%的收入增长,由电子商务销售额的24%(目前占销售总额的23%)和广告收入的37%的增加所推动。 Walmart's fiscal fourth quarter saw operating income rise 10.8% year over year, outpacing 5.6% revenue growth, fueled by a 24% jump in e-commerce sales—now 23% of total sales—and a 37% increase in advertising revenue. 会员费上涨了15.1%,Sam俱乐部创下了创纪录的会员水平。 Membership fees rose 15.1%, and Sam’s Club hit record membership levels. BJ的批发收入也有类似的增长,但由于电子产品的利润率较低和开支增加,业务收入略有下降。 BJ’s Wholesale posted similar revenue growth but saw a slight operating income decline due to lower margins on electronics and rising expenses. 虽然BJ的交易价值较低,但沃尔玛在数字、广告和成员方面的多样化和高边际增长尽管价格较高,却提供了更大的长期利润潜力。 While BJ’s trades at a lower valuation, Walmart’s diversified, high-margin growth in digital, advertising, and membership provides stronger long-term profit potential despite its higher price.