Walmart CFO Says 'Flipkart And Phonepe Could Be $100B Businesses In The Future'
Portfolio Pulse from Benzinga Newsdesk
Walmart CFO Brett Biggs stated at the Evercore ISI Conference that Flipkart and PhonePe, Walmart's Indian subsidiaries, could become $100 billion businesses in the future.
June 14, 2023 | 2:24 pm
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Walmart's CFO believes that its Indian subsidiaries Flipkart and PhonePe have the potential to become $100 billion businesses, indicating strong growth prospects.
Walmart's CFO's statement indicates optimism about the growth potential of Flipkart and PhonePe. As Walmart owns these subsidiaries, their success would directly contribute to Walmart's overall growth and revenues, positively impacting WMT's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100