WASHINGTON: US retailer Walmart on Thursday reported an
estimate-beating jump in second-quarter US comparable sales, and
boosted its earnings forecast for the year.
Sales at US stores open at least a year rose 2.8 percent, excluding
fuel, in the quarter ended July 31. Analysts estimated growth of
2.07 percent, according to IBES data from Refinitiv.
Adjusted earnings per share increased to $1.27 per share, beating
expectations of $1.22 per share.
Online sales surged 37 percent, in line with the previous
quarter’s increase and higher than the company’s
Total revenue was up 1.8 percent at $130.4 billion, beating
analysts’ estimates of $130.1 billion.
Walmart in warning about India e-commerce rulesWalmart earnings
jump 80% to $3.8bn on higher US sales
Source: FS – All-News-Economy
Walmart raises earnings forecast for year after jump in quarterly sales