The Associated Press this morning that Walmart’s second quarter results highlighted US e-commerce sales that were up 37 percent, driven by groceries, and same-store sales that were up 2.8 percent.
According to the story, “Total revenues grew 1.8% to $130.38 billion from $128.03 billion a year ago, beating expectations for sales of $130.11 billion. In the U.S., net sales grew 2.9% to $85.20 billion from $82.82 billion a year ago.”
Net income rose to $3.61 billion, compared with a net loss of $861 million during the same period a year ago.
According to the story, “Total revenues grew 1.8% to $130.38 billion from $128.03 billion a year ago, beating expectations for sales of $130.11 billion. In the U.S., net sales grew 2.9% to $85.20 billion from $82.82 billion a year ago.”
Net income rose to $3.61 billion, compared with a net loss of $861 million during the same period a year ago.
- KC's View:
