SA: Walmart +6% after e-commerce surge leads to earnings smasher

SEEKING ALPHA reports:
– Walmart (NYSE:WMT) reports comparable sales in the U.S. rose 9.3% in Q2 to sail past the consensus mark of +6.4%. U.S. e-commerce sales were up 97% during the period.
– Average ticket was up 27.0% in the U.S., while transactions fell 14.0%.
– Sam’s Club comparable sales in the U.S. were up 13.3% vs. +6.20% consensus.
– International sales fell 6.8% during the quarter to $27.2B with F/X and the government-mandated closing of Flipkart …

The post SA: Walmart +6% after e-commerce surge leads to earnings smasher appeared first on The Loadstar.

Source: The Loadstar

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