, the e-commerce company it bought for $3.3 billion in 2016, saying the acquisition fueled its e-commerce strategyEarnings per share: $1.18 adjustedWalmart reported net income rose to $3.99 billion, or $1.40 per share, from $3.84 billion, or $1.33 cents a share, a year earlier. Excluding items, Walmart earned $1.18 per share.
Same-store sales grew by 10% in the U.S., beating expectations for 7.2%, according to StreetAccount consensus estimates. The retailer's online sales growth was 74%, significantly above the 37% growth that the company had the same quarter a year ago.
Not worth the spit to call him out.
kozy_bbq Bargain stores tend to do well in downturns.
Becky got her 3 Ply Toilet Paper
Such a horrific shame Walmart chooses profits over the safety and well-being of their employees. CEO's have travel restrictions to avoid virus exposure, but still receive millions in bonuses. Employees are dying from exposure, only to once receive $400 if full time. Greed
No kidding! Also Target, Kroger, Publix, Stop & Shop
All small businesses were put out of business- elite win
Walmart is garbage for garbage people .
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La source: CNBC - 🏆 12. / 72 Lire la suite »
Used car e-commerce company Vroom files for IPOVroom Inc. has filed for its initial public offering Monday, seeking to list on the Nasdaq Global Market under the ticker symbol VRM, according to a Securities and Exchange Commission filing. The New York-based e-commerce company lets people buy and sell used vehicles. Vroom reported a first-quarter net loss of $27.1 million, narrowing from $41.1 million in the year-ago period. Vroom's revenue rose to $375.8 million from $235.1 million a year ago. Vroom's revenue is primarily from its retail vehicle sales, which accounted for $308.7 million in the first quarter. The SEC filing says the company plans to raise $100 million, but that number is often a placeholder that Vroom will update as it gets closer to listing its shares. The company said that the COVID-19 pandemic hurt sales in March and the company reduced its inventory, among other defense measures, as a result. Vroom said it had furloughed roughly a third of its staff and reduced salaries for the remaining workers, including executives. The company said it had $156.4 million in cash and equivalents at the end of April. 'now'!? timing
La source: MarketWatch - 🏆 3. / 97 Lire la suite »