Retail giant Wal-Mart on Thursday reported better than expected third-quarter earnings and guided higher for Q4. U.S. same-store sales rose 3.4%, continuing near 10 years highs, e-commerce sales jumped 43% as it continued to inch into $AMZN’s space.
Walmart Raise Earnings Outllook as Retail and Online Sales Jump
Retail giant Wal-Mart on Thursday reported better than expected second-quarter earnings and guided higher for Q3. U.S. same-store sales rose 4.5%, the strongest in 10 years, e-commerce sales jumped 40% as it continued to inch into $AMZN’s space. $WMT stock was up over 10% premarket.
Walmart $WMT Raise Earnings Outllook as Online Sales Up 50%
Retail giant Wal-Mart $WMT on Thursday reported better than expected third-quarter earnings and guided higher for Q4. Notable was its e-commerce sales jumped 50%. WMT stock was up over 5% premarket.