BENTONVILLE, Ark. ― Walmart posted a net loss of $861 million in Q2, compared to profits of $2.9 billion a year ago, largely due to one-time costs such as those stemming from the sale of its majority stake in Walmart Brazil. Excluding those items, the retailer earned $1.29 per share, compared to analyst expectations of $1.22. Sales at U.S. stores open for at least a year climbed 4.5%, excluding fuel price movements, ahead of the 2.38% predicted by analysts. A rebound in grocery, apparel and seasonal categories led the growth. Online sales soared by 40%, following a 33% increase in Q1.
Online, same-store sales drive Walmart’s Q2
Most Recent
Most Read
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Featured Classified: Taiga
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024