Walmart beat expectations on both the top and bottom lines for its second quarter. Walmart U.S. Q2 comp sales grew 2.8% and Walmart U.S. eCommerce sales grew 37%The world’s largest retailer also boosted its fiscal 2020 adjusted EPS and same-store sales forecast. Walmart shares soared 5% as of market open Thursday.
BENTONVILLE, Ark.–(BUSINESS WIRE)–Walmart Inc. (NYSE: WMT):
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 275 million customers and members visit our more than 11,300 stores under 58 banners in 27 countries and eCommerce websites. With fiscal year 2019 revenue of $514.4 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.
Source : BusinessWire