Walmart earnings top estimates fueled by strong grocery sales and back-to-school spending

Walmart said the retail giant gained ground in its grocery business and had a strong start in back-to-school sales in the fiscal second quarter.

The discounter also sharpened its forecast for the year, saying it now anticipates that earnings per share will be between $6.20 to $6.35. It said it expects Walmart U.S. same-store sales to increase by 5% to 6%, excluding fuel. Here's what the company reported for the fiscal second quarter ended July 31, according to Refinitiv consensus estimates:Revenue: $141.05 billion vs. $137.17 billion expected

AMCNOTLEAVING WE ARE BACK 💪🏼

kabosuOfficial is the mother of all dogs ,moreover staking and farming is coming, it's unbelievable👍 kabosu DogeBTC dogelon dogearmy DogecoinToTheMoon dogecoin

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Bowser_51 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Canada Canada Latest News, Canada Canada Headlines

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

Chinese electric scooter company Niu shakes off pandemic slump and predicts strong sales aheadNiu said Monday that revenue grew by 46.5% in the second quarter, and forecast it would grow at about the same pace — or better — in the third quarter.
Source: CNBC - 🏆 12. / 72 Read more »

Four factors investors should watch when Walmart reports earnings TuesdayKey topics include how the retail giant is navigating opportunities, such as back-to-school season, and grappling with inflation and other challenges.
Source: CNBC - 🏆 12. / 72 Read more »