The Transcript(@TheTranscript_):$WMT: Walmart advertising carries >70% margins versus roughly 5% for core retail “We have a great high-margin advertising business, over 70% margins compared to 5-ish percent for the core retail business. And this profitability is incremental to Walmart.”

The Transcript

@TheTranscript_

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The Transcript@TheTranscript_

2026.09.23 17:00

$WMT: Walmart advertising carries >70% margins versus roughly 5% for core retail “We have a great high-margin advertising business, over 70% margins compared to 5-ish percent for the core retail business. And this profitability is incremental to Walmart.”