Get the app today! Download iPhone App Download Android App

Walmart's Second Quarter Sales Rise Most In Decade, Shares Soar

Published on Aug 17 2018 7:58 AM in Retail tagged: Featured Post / Walmart / Sales / Paywall / Second Quarter Results

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.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email