Urgent.News

What's breaking now, across thousands of outlets.

Editions

Finance & Markets

Walmart Expects Over 100-Bps Q3 Sales Hit From Flipkart’s Big Billion Days Shift

New Delhi, August 21, 2026: US-based retail giant Walmart has said the timing shift of the 'Big Billion Days' sales event of its Indian e-commerce arm Flipkart in FY27 will create a headwind in the third quarter, while it will provide a corresponding boost in the fourth quarter. Walmart said it expects a headwind of more than 100 basis points to third-quarter sales growth due to the shift in…

Walmart Expects Over 100-Bps Q3 Sales Hit From Flipkart’s Big Billion Days Shift

Walmart anticipates a sales decline of over 100 basis points in Q3 due to the timing shift of Flipkart's Big Billion Days event from the third to fourth quarter. This shift will negatively impact sales growth in the third quarter, while it will provide a similar boost in the fourth quarter. The retailer expects Q3 sales growth to be between 3% and 3.75%, with India remaining a key growth driver for Walmart's International Business.

Walmart, which holds an 80% stake in Flipkart, reported a 20% growth in its advertising business, with Flipkart Ads being a major contributor.

Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at freepressjournal.in →

More in Finance & Markets

Australia’s housing green shoots wither away

The weekend of 8-9 August suggested the nation’s housing market might be stabilising after the national auction clearance rate hit a 12-week high of 51.4%, following 10 consecutive weeks in the 40s.

  • Housing market clearance rate reaches 12-week high of 51.4%
  • Sydney experiences severe decline in market sentiment
  • Dwelling values drop 1.09% across major capitals

More from Friday 21 August →