After strong sales last quarter, Walmart is starting to look resilient enough to overcome the mounting headwinds created by Trump’s trade war. jennifersaba
Walmart on Aug. 15 reported second-quarter net income of $3.6 billion, compared to a loss of $861 million in the same period last year that was driven by the hit from selling its Brazil operations. At $1.26 per share, earnings beat the mean estimate of sell-side analysts of $1.22 per share, according to Refinitiv.
Revenue increased 1.8% to some $130 billion for the quarter ending July 31. U.S. comparable sales were up 2.8% compared to the same period last year. E-commerce sales in the United States rose 37%. Walmart raised its forecast for U.S. comparable sales, operating income and earnings per share for its financial year, which runs to the end of January 2020.
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