Earnings

Walmart (WMT) Q2 2021 earnings beat estimates

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Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74% increase in U.S. online sales for the quarter that ended April 30, and a 10% increase in same store sales for the same period as the effects of the coronavirus helped to boost sales.

Scott Olson | Getty Images

Walmart posted its biggest earnings surprise in 31 years Tuesday as shoppers rushed in to spend their stimulus checks, and online sales nearly doubled during the coronavirus pandemic.

The discount retailer has been leveraging its massive store base and the investments it’s made in e-commerce to supply customers with food and other goods during the pandemic. U.S. same-store sales climbed…



Source cnbc.com

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