Food and Online Sales Surge Powers Walmart's Profit and Earnings

Retail giant Walmart beat profit and sales estimates thanks to surging grocery and e-commerce sales, as its discount-oriented business model shielded it from a broader slowdown in consumer spending.

Walmart U.S. grew comp sales 6.5%, including mid-teens in food, and eCommerce up 12%

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Food and Online Sales Surge Powers Walmart's Profit and Earnings in the Second Quarter

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Walmart U.S. Q4 Comp Sales(1) Grew 4.2% and Walmart U.S. eCommerce Sales Grew 43%, Q4 2019 GAAP EPS of $1.27