• Walmart’s online sales grew by 23% in the most recent quarter, down from 50% growth in the previous period.
  • The company said it failed to keep some basic items in stock over the holidays as it tried to manage a higher demand for things like TVs and toys.

Walmart’s online sales growth sharply slowed over the critical holiday period, falling to 23% growth from 50% in the previous quarter.

Walmart CEO Doug McMillon said Tuesday that most of the slowed growth was “expected and planned.”

But some of it was because of operational issues. Walmart failed to keep some basic items in stock during peak sales periods, McMillon said on a call with analysts on Tuesday.

Walmart had…