In the investor presentation, Walmart also stated that gross profit rate for its international business also increased primarily due to Flipkart business American retail giant Walmart Inc.
in an earnings call on Tuesday said that net sales for its international business was impacted due to Flipkart not being able to operate non-essential deliveries during the lockdown in India due to covid-19. “As a result of the crisis and towards the end of the quarter, we had pretty extensive stores and operational closures in markets like South Africa, India … and our Flipkart operations were impacted by restrictions on non-essential deliveries," said Brett Biggs, executive vice president and chief financial officer, Walmart said in their first quarter