Related News

In this photo illustration a virtual friend is seen on the screen of an iPhone on April 30, 2020, in Arlington, Virginia. Olivier Douliery | AFP | Getty Images The

OpenDoor is disrupting the real estate market with its new model. It buys homes and sells them on its platform. Opendoor Opendoor stock rocketed 50% higher on Thursday after the

Elon Musk has revealed that SpaceX and Starlink are working on technology that will allow mobile phones to connect directly to Starlink satellites within roughly two years. This innovation aims

John Burford, an 85-year-old physicist and former NASA scientist, has been sentenced to two years in prison for defrauding more than 100 investors out of around $1.2 million, as reported

Keith Rabois of Khosla Ventures attends Day 3 of TechCrunch Disrupt SF 2013 at San Francisco Design Center on September 11, 2013 in San Francisco, California. Steve Jennings | Getty

Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014. Noah Berger | Reuters Oracle‘s massive growth trajectory for

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Walmart Q2 results: Sales rise 4.6% as shoppers flock and e-commerce booms; Target lags amid tariff pressures

Word Count: 651 | Estimated Reading Time: 4 minutes


Walmart Q2 results: Sales rise 4.6% as shoppers flock and e-commerce booms; Target lags amid tariff pressures

Walmart Inc. delivered robust second-quarter results on Thursday, showing its ability to attract shoppers and outperform rivals such as Target despite economic uncertainty and ongoing tariff pressures. The Bentonville, Arkansas-based retailer reported a 4.6% increase in comparable sales for the quarter, driven by established stores and online channels, while raising its annual sales and profit outlook, AP reported.Executives highlighted Walmart’s appeal across income cohorts, particularly higher-income shoppers, thanks to faster delivery, grocery discounts, and trend-focused fashion. In contrast, Target reported continued comparable sales declines, prompting a leadership change earlier this year.Walmart’s strong e-commerce operations, profitable product mix, and advertising revenue have helped it absorb rising costs from tariffs. CEO Doug McMillon said, “We’re keeping our prices as low as we can for as long as we can. Our merchants have been creative and acted with urgency to avoid additional pressure for our customers and members.”The retailer reported net earnings of $7.03 billion, or 88 cents per share, for the quarter ending July 31, up from $4.50 billion, or 56 cents per share, a year ago. Sales rose 4.9% to $177.4 billion. US comparable sales growth of 4.6% was slightly higher than the 4.5% gain in Q1, with groceries and health and wellness items driving momentum. Global e-commerce sales rose 25%, surpassing the 22% growth in the previous quarter.About one-third of US store deliveries were fulfilled within three hours, and 20% within 30 minutes, reflecting Walmart’s operational efficiency. The company’s stock, however, fell nearly 5% late Thursday morning after earnings per share came in slightly below analyst expectations of 73 cents, largely due to $450 million in settlement costs related to worker and shopper injury claims.Walmart forecast current-quarter earnings per share between 58 cents and 60 cents, slightly above analyst expectations of 57 cents. For the full year, the retailer raised its per-share guidance to $2.52–$2.62 and projected sales growth of 3.75–4.75%, higher than its May estimate.





Source link

Most Popular Articles