Walmart Earnings
Exceed Expectations , Due to Increase in Online
and Grocery Sales.
Walmart reported its first quarter
earnings for the year on Tuesday, .
reflecting an astounding
three percent increase in sales.
The company's $138.3 billion
in sales exceeded Wall Street's
prediction of $132 billion.
Walmart shares were up by
two percent in reaction to the news.
Stimulus helped in Q1, and because of that, we increased profit and revenue guidance, Brett Biggs, Walmart CFO, via CNBC.
You can tell people are starting to get back out, Brett Biggs, Walmart CFO, via CNBC.
Walmart has raised its outlook for the year,
with expectations of a high
single percent increase in revenue
