The fire broke out at the Walmart distribution centre on 16 March, with 1,000 employees inside at the time and smoke plumes showing on weather radars, according to a report published by WRTV. Indeed, a report by Bloomberg claimed a plume of smoke was so vast it could be seen from space. 

The distribution centre is understood to have stocked goods including clothing, food and electronics, according to the Indianapolis Star.

Charles Crowson, director of corporate communications at Walmart, told Just Style since the fulfillment centres service online orders only, the company does not anticipate product delays to stores and only “minimal delays” with online customers.

He added: We’ve already taken steps to limit the impact to customers by relying on the resiliency of our supply chain facilities and stores across the country to help shoulder the load as we work to normalise operations.”

Reporting its fourth-quarter results last month, Walmart said total revenue for the three months ended 31 January amounted to US$152.9bn, up 0.5% on last year. Consolidated net income was $3.56bn, compared to a consolidated net loss of $2.09bn in the prior-year quarter.

For the full year, total revenue was $572.8bn, up 2.4% on the prior year, and negatively affected by $32.7bn related to divestitures. Consolidated net income attributable to Walmart for the year amounted to $13.67bn, compared to $3.51bn a year earlier.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

For fiscal year 2023, Walmart expects consolidated net sales to increase about 3% in constant currency, and consolidated operating income to rise by about 3% in constant currency.