Walmart earnings beat estimates, shares rise on higher outlook ahead of holidays

's online sales grow 41% in the third quarter, the company said Thursday, fueling an earnings beat and 21 quarters of growth in the U.S.

Programming note: Walmart CEO Doug McMillon will address CNBC's Evolve event next week. Register to attend atTotal revenue grew 2.5% to $127.99 billion from $124.89 billion a year ago. But that fell slightly short of expectations for $128.65 billion. Walmart said the average ticket in the U.S. grew 1.9% compared with a 1.8% increase a year ago. Transactions were up 1.3% in the latest quarter, slightly lower than growth of 1.6% this time last year.The company said e-commerce sales were up 41%, thanks to "strong growth" in online grocery. The company has been calling for U.S. e-commerce sales growth of 35% for the year, which would be slightly less than what it logged in fiscal 2019.

"We need to translate this repetitive food and consumable volume into a stronger Walmart.com business that's profitable over time, so that's what we're working on," the CEO added.with tension brewing internally, as the company still loses money online for all the investments it has made to acquire brands and speed delivery. Walmart said its operating income during the third quarter fell 5.4% from a year earlier.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Walmart raises earnings forecast, expects strong holiday salesWalmart Inc reported better-than-expected third quarter U.S. comparable sales on... WalMart has not paid me yet the 8 billion dollar debt due to the purchase of my Continente food distribution chain in Brazil. I ask if the solution to this problem involves freezing the bank accounts of Walmart family and administrators? I hope all their employees get a nice Christmas bonus or at least store credit. Walmart I’m not buying anything except food this year. They won’t get a penny from me. Sorry family no new TV, phone or whatever else is on your list. Just come over play some games eat some great food.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Options traders are bullish on Walmart's make-or-break earnings reportThe U.S. consumer trade is stumbling, and it faces a make-or-break moment when Walmart reports earnings on Thursday. Options traders are feeling bullish on the outcome.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »