BENTONVILLE, Ark. — Walmart reported that sales at stores open more than a year rose by 4.2% (excluding fuel) in the holiday quarter. Adjusted earnings per share came to $1.41, compared with analyst estimates of $1.33 per share. Online sales surged by 43% as the retail giant held its own against competition from Amazon. In Canada, net sales edged up by 1.5% and comparable sales by 1.1% but overall earnings fell due to higher expenses. The results make for Walmart’s 18th consecutive quarter of growth in the U.S., a streak unmatched by any other retailer.
Walmart results blow past forecasts in Q4
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