Walmart raises forecast as people return to stores; online sales slow
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Walmart (WMT) Tops Estimates, Analysts 'Impressed' and Raise PTs
August 18, 2021 6:25 AM EDTWalmart (NYSE: WMT) reported better-than-expected Q2 earnings on strong demand for groceries and due to the back-to-school season.
The company reported Q2 EPS of $1.78, $0.22 better than the analyst estimate of $1.56. Revenue for the quarter came in at $141 billion versus the consensus estimate of $136.74 billion. Comp sales were up by 6.1%.
We had another strong quarter in every part of our business. We grew market share in U.S. grocery, added thousands of new sellers to our marketplace, rapidly grew advertising businesses around the world, and were finding innovative ways to commercialize... More
