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Walmart sees 9% rise in incomes
Business
- 20 May, 2020
- 11:38
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Walmart on Tuesday reported revenue of $134.6 billion, above the $132.7 billion consensus estimate and 8.6% better than a year ago, Report informs, citing foreign media.
Net income was $3.99 billion, up 3.9% from a year ago.
The retail giant’s online sales rose 74% in the quarter, while it posted comp sales of 10% for the quarter, which were led by strength in food, consumables, health & wellness, and some general merchandise.
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