We at investorAi continue to be bullish on Walmart (
WMT) as it has reported another solid quarter. The business proves resilient against discerning consumers and to a certain extent: sticky inflation.
In Q2, revenue grew 4.8% to $169.34 billion, compared to the $168.46 billion expected. Adjusted earnings also beat estimates at $0.67, a 9.8% YoY (year-over-year) increase.
"Each part of the business is growing," CEO Doug McMillon said in the release. "Store and club sales are up, eCommerce is compounding as we layer pickup and even faster growth in delivery as our speed improves."
McMillon also added that its online marketplace, membership model, and ad business (which grew 26% globally) helped to diversify the retailer's profits.
According to Bloomberg estimates, Walmart's U.S. same-store sales increased by 4.3%, with the Walmart b ...
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