Walmart's Second Quarter Sales Rise Most In Decade, Shares Soar
Walmart Inc has reported quarterly earnings and sales that topped estimates, driven by strong grocery sales and a revamped website that boosted online purchases.
The world's largest retailer also raised its sales and earnings outlook for the full year, excluding any impact from its acquisition of Indian e-commerce company Flipkart, which it is still in the process of closing.
Walmart's US comparable sales grew the most in a decade, boosted by strong performance in grocery, apparel and seasonal merchandise, which rebounded in the second quarter after a slow start in April.
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