India, Feb. 21 -- Walmart's chief financial officer (CFO) John David Rainey said that Flipkart's annual Big Billion Days (BBD) sale "benefitted" the gross margins of the retail giant's international business during the fourth quarter (Q4) of 2024.

". Gross margins in international *business) benefited from the timing shift of Flipkart's Big Billion Day event," Rainey said during a post-earnings call on Thursday (February 20).

The Walmart CFO also noted that Flipkart's BBD event "negatively affected" the company's year-over-year sales comparisons in Q4 2024.

It is pertinent to note that Flipkart's BBD sale in 2024 was held between September 27 and October 6, thereby splitting sales between two quarters.

In its investor presentation, Wa...