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Bloomberg Video: Walmart shares jump following earnings beat and raised outlook

By Nandita Bose

Key Points
  • Walmart’s quarterly earnings and sales top analysts’ estimates.
  • Same-store sales for the fiscal second quarter were up 2.8%.
  • E-commerce sales surged 37%.

It marked the 20th consecutive quarter of sales gains in the U.S. for Walmart and its 19th quarter of traffic growth on its home turf.

Walmart shares jumped more than 6% in premarket trading on the news.

Here’s what Walmart reported for the quarter ended July 31 compared with what analysts were expecting, based on Refinitiv

 

https://youtu.be/hT9n6wszTRA