Walmart (WMT.US) membership business features "low overlap, high potential"! Morgan Stanley: Bundled sales may unlock incremental spending.

Zhitong Finance APP has learned that Morgan Stanley noted in a research report released recently that the membership bases of Walmart+ and Sam's Club under Walmart (WMT.US) have limited overlap, which creates a significant opportunity for bundled membership sales and is expected to increase total spending per member over time. The October survey results show that about 26% of respondents have a Walmart+ membership, about 31% have a Sam's Club Net membership, about 12% hold both memberships, and about 55% hold neither.