Industry News

Walmart’s omnichannel investments pay off in Q2

By August 15, 2019 No Comments

Dive Brief:

  • Walmart’s second quarter revenue grew 1.8% year-over-year to $130.4 billion as the retailer’s U.S. comparable sales rose 2.8% and domestic e-commerce sales grew 37%, according to a press release.

 

  • The retail giant’s operating income declined 2.9% in Q2 to $5.6 billion, a figure dragged down by its Flipkart business in India. (Walmart’s U.S. operating income increased 4%.) Net income in Q2 was nearly $3.7 billion, a lofty improvement over the $727 million loss Walmart logged in Q2 last year.

 

  • Walmart’s stock jumped 5% Thursday as the company raised its guidance on profit metrics slightly for the fiscal year as its total comps and Sam’s Club comps (1.2%) beat analyst expectations, according to Seeking Alpha.

 

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