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Thread: Walmart 2nd quarter results crush estimates

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    Default Walmart 2nd quarter results crush estimates

    Walmart second-quarter results crush estimates, as e-commerce sales jump 97%

    Walmart’s e-commerce sales in the U.S. shot up by 97% as customers had packages shipped their homes and used curbside pickup.

    The retailer’s U.S. same-store sales grew by 9.3% in the second quarter, fueled by purchases of food and general merchandise.

    The company did not provide a financial outlook for the rest of the year.
    https://www.cnbc.com/2020/08/18/walm...-earnings.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

    Join Date
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    Location
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    Default Re: Walmart 2nd quarter results crush estimates

    Yet they only have 3 cashiers working in brick & mortar stores or using self-checkout. They can afford to have more cashiers. I hate Walmart.
    Scott Harrison
    Senatobia, MS

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  5. #3

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    Default Re: Walmart 2nd quarter results crush estimates

    Quote Originally Posted by tsptalk View Post
    Walmart second-quarter results crush estimates, as e-commerce sales jump 97%


    https://www.cnbc.com/2020/08/18/walm...-earnings.html

    Makes sense. We've switched from in-store grocery shopping at a mixture of stores to mostly curb-side pickup at Walmart. It's pretty dang convenient.

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