Groceries drive strong Walmart sales

Walmart reported Q2 adjusted earnings of $0.67 per share, up 9.8 percent from a year ago and better than Wall Street expectations of $0.65. Revenues rose by 4.8 percent to $169.34 billion, boosted by demand for fresh food and by high-earning shoppers’ spend on items such as furniture and appliances. In Canada, sales were up by 3.5 percent to $6.0 billion, with comp sales growing by 3.4 percent.