Walmart earnings soar as e-commerce sales jump, shoppers flock to stores

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Walmart's e-commerce sales in the U.S. shot up by 74% and its same-store sales grew by 10% in Q1. $WMT

, 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.

 

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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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