Full-time and part-time employees receiving bonuses; Fox Biz Flash: 7/21.
Walmart Inc. profit spiked 79% in the three months through June as more Americans ordered goods online while riding out the COVID-19 pandemic from home.
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The Bentonville, Arkansas-based big-box retailer earned $6.48 billion, or an adjusted $1.56 per share, topping the $1.25 that Wall Street analysts surveyed by Refinitiv were expecting. Total revenue rose 5.4% to $137.7 billion, beating the $135.48 billion consensus.
U.S. comparable sales rose 9.3% while e-commerce sales spiked 97% from a year ago. The U.S. comparable average ticket jumped 27%.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 135.60 | +3.00 | +2.26% |
“I want to give a big thank you to our associates for their tireless efforts during these unprecedented times,” CEO Doug McMillon said in a statement. “We also appreciate the trust and confidence of our customers.”
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