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Walmart’s e-commerce growth has started accelerating just in time for its deal

A nice change of pace after five subpar quarters of online growth.

Walmart Reports Drop In Quarterly Profits Joe Raedle / Getty
Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

After five straight quarters of decelerating e-commerce growth, Walmart’s online business increased in the company’s second quarter.

Walmart’s global e-commerce business grew 11.8 percent year over year in the quarter, up from 7 percent in the previous quarter. The online business is still growing slower than it was a year ago, but Walmart will take it.

The earnings report comes 10 days after Walmart announced its plan to purchase the startup for $3.3 billion in a blockbuster deal that will see Jet CEO Marc Lore take oversight over the business unit. The acquisition is expected to close later this year and dilute Walmart’s annual earnings per share by five cents, in part due to “expected operating losses,” the company said in scripted earnings remarks.

Walmart doesn’t break out online sales by geography, but has previously said that the U.S. digital business is growing faster than the company’s international business.

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