Walmart Inc. witnessed a 33% increase in net income, reaching $15.51 billion, and a 6% rise in revenues to $648.13 billion for the fiscal year ending Jan. 31. Reduced food prices positively impacted consumer response, with significant rollbacks noted in the fourth quarter, particularly in Walmart US. CEO C. Douglas McMillon highlighted the company’s progress in drone delivery, aiming to offer faster delivery options, especially for essentials like groceries. Expansion plans include making drone delivery available to 75% of households in Dallas-Fort Worth by the year’s end. Despite a 12% decline in fourth-quarter net income, Walmart remains optimistic, forecasting growth in net sales and operating income for the current fiscal year.

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