Friday, August 16, 2019

Walmart Wins In Q2 With Digital Strength Carrying The Day

Forbes
Walmart had a powerful one-two punch in Q2; the strength of its digital sales combined with quick delivery boosted sales and earnings in the second quarter of 2019. Domestic comparable sales increased by a very solid 2.8%, and e-commerce revenues grew by a whopping 37%. These astonishing results confirm the consumer’s trust in the company and validate that management’s drive to serve customers more efficiently are just what’s needed.

Total global revenues in the quarter were $130.4 Billion. This is an increase of $2.3 Billion. The strength of the company is its domestic Walmart operation, which reported sales of $85.2 Billion. That is 65.3% of total sales.. . . more