What really helped Walmart clean up with earnings — robot ‘associates’

Analysts say that Walmart Inc.’s second-quarter results show that each part of the business is putting in the necessary work to achieve growth, even its robot floor cleaners.

Walmart WMT, +0.27% reported second-quarter earnings that beat expectations and a 37% increase in e-commerce sales. Revenue of $129.39 billion, however, was below the FactSet consensus. “In 2Q, Walmart U.S. was going up against its toughest same-store sales compare in 10 years. Still, it was able to generate 2.8% core same-store sales as it dialed up price investments,” wrote UBS in a note. “Plus, it continues to find new ways to control expenses as it learns from [zero-based budgeting] and increases its use of automation .

“Walmart struck a nice balance between driving operational efficiency and reinvesting for growth,” wrote analysts led by Edward Yruma. “The U.S. consumer environment looks more uncertain, making the strategic and tactical improvements Walmart has made even more vital.”Bank of America says Walmart got some help from the healthy state of lower-income consumers, given the low unemployment rate, the e-commerce business and the continued strength in general merchandise and fresh food.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart's earnings beat allays worry over tariff impact for nowU.S. retailer Walmart Inc reported strong second quarter results and raised its ... Walmart would be the last one to feel a tariff war kids need some school supplies.
Source: Reuters - 🏆 2. / 97 Read more »

Walmart soars as e-commerce growth drives earnings beat and raises 2020 outlookWalmart reported second-quarter financial results that surpassed Wall Street estimates thanks to growth in same-store sales and e-commerce. and they can't pay a living wage because, reasons? Amazon never could shake this lion off of it's ass! Walmart is a fucking beast...ain't it? Amazon..the cheetah..came in the game all sleek and fast..slaying everything in sight! But they didn't see the Lion sitting over there...watching! Amazon came too close! So...now the Lion is at his ass! Amazon can't shake him! Walmart!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Walmart shares jump following earnings beat and raised outlookWalmart reports earnings that topped expectations, and it raises its outlook for the year, building on the momentum in its core U.S. business and investments in grocery. CourtReagan Like I said yesterday now everyone can hate $WMT again and take the focus off the wider market losses. CourtReagan Maybe Walmart can start paying living wages and pay taxes..... CourtReagan Sure sign of recession analysts. Aren't you a bunch of clowns? 🤣🤣
Source: CNBC - 🏆 12. / 72 Read more »