WASHINGTON: U.S. retailer Walmart Inc on Thursday reported an estimate-beating jump in second-quarter U.S. comparable sales, and boosted its earnings forecast for the year.
Sales at U.S. stores open at least a year rose 2.8per cent, excluding fuel, in the quarter ended July 31. Analysts estimated growth of 2.07per cent, according to IBES data from Refinitiv.Adjusted earnings per share increased to US$1.27 per share, beating expectations of US$1.22 per share. Online sales surged 37per cent, in line with the previous quarter's increase and higher than the company's expectation.
Total revenue was up 1.8per cent at US$130.4 billion, beating analysts' estimates of US$130.1 billion.
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