Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from the safety of their homes amid the COVID-19 pandemic. The near-doubling of online sales also helped the biggest U.S. retailer to beat estimates for same-store sales in the second quarter. Sales at U.S. stores open at least a year rose 9.3%, excluding fuel, in the quarter ended July 31. Analysts had estimated a gain of 5.73%, according to IBES data from Refinitiv. Operating income rose 8.5% to $6.1 billion in the quarter, while adjusted earnings per share of $1.56 per share also topped estimates. – CNBC. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation U.S. Treasury Yields Edge Lower As Investors Await Economic Data, Auctions A Dow Buy Signal Says Warren Buffett’s Gold Stake Came Too Late For The Precious Metal
