Walmart Blows Past Estimates in Its Second Quarter
Walmart (NYSE: WMT) reported fiscal 2021 second-quarter earnings today that crushed expectations. Comparable-store sales in the U.S. jumped 9.3% versus an expected gain of 5.4%, according to CNBC. The increase was led by strong sales in general merchandise and food, Walmart said.
Continuing a trend enforced by impacts from the pandemic, Walmart said U.S. e-commerce sales increased 97% compared to the year ago period as Americans ordered online for curbside pickup or delivery. Sam's Club also reported strong results, as comparable sales increased 13.3% and e-commerce sales grew 39%.
Source Fool.com
