Walmart (WMT) earnings Q2 2022 beat estimates


A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida.

Joe Raedle | Getty Images

Walmart on Tuesday reported second-quarter earnings that exceeded Wall Street expectations as the retail giant gained ground in groceries and had a strong start to the back-to-school season.

Shares are down about 1% in premarket trading.

The discounter also sharpened its forecast for the year, saying it now anticipates that earnings per share will range from $6.20 to $6.35. It said it expects Walmart U.S. same-store sales to increase by 5% to 6%, excluding fuel.

Chief Financial Officer Brett Biggs said in an interview with CNBC that customers flocked to stores…


0 0 votes
Article Rating

Wish stock down 27% in two days and 78% since January

Previous article

Cathie Wood says Michael Burry doesn’t understand innovation space after he bets against ARK fund

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Retail