{
  "id": 2174529,
  "title": "Walmart sees Q3 growth hit as Flipkart shifts Big Billion Days sale",
  "url": "https://urgent.news/2026/08/20/walmart-sees-q3-growth-hit-as-flipkart-shifts-big-billion-days-sale",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T15:28:54.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/walmart-sees-q3-growth-hit-as-flipkart-shifts-big-billion-days-sale/articleshow/133381793.cms"
  },
  "original_language": "en",
  "account": "Walmart anticipates a significant impact on its growth in the upcoming quarter, with a projected over 100 basis points decline, primarily due to the shift in timing of Flipkart's flagship sales event, Big Billion Days, from Q3 to Q4. John David Rainey, Walmart's CFO, disclosed this information during the company's second quarter earnings presentation. The Indian market has been instrumental in driving Walmart International's operating income and advertising revenue growth. Ad revenue from the second quarter saw a 20% year-over-year increase, primarily fueled by Flipkart Ads. The company's operating income stood at $1.4 billion (constant currency) in Q2, marking a 16.6% year-over-year rise, attributable to lower losses in e-commerce and strategic shifts in business mix across various markets. In India, Walmart runs a horizontal e-commerce platform through Flipkart and a fashion-focused e-commerce site, Myntra. Both platforms have ventured into quick commerce with Flipkart Minutes and M-Now, respectively, both offering delivery within a 10-30 minute window via micro-fulfillment centers serving a 2-6 kilometer radius. Flipkart's Minutes program has recently hit a milestone, surpassing 1,000 dark stores, with plans to expand to approximately 1,500 in the near future, aiming to compete with established players in the market.",
  "summary": "Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}