Doug Macmillon New York pandemic Government strain Doug Macmillon New York

Walmart blows past expectations for the first quarter

Reading now: 942
www.clickorlando.com

NEW YORK – Walmart blew past Wall Street projections in the first quarter with U.S. stimulus payments to Americans helping to boost sales and the company raised its expectations for the year.

Sales at stores opened at least a year rose 6%, slowing from the 8.6% increase during the fiscal fourth quarter. But it topped last year's 10% spike when Walmart turned into a pandemic lifeline for millions of people.

Online sales rose 37% down from its 69% during the fourth quarter. “Our optimism is higher than it was at the beginning of the year," said said CEO Doug McMillon. “In the U.S., customers clearly want to get out and shop.” McMillon said that government stimulus money boosted sales and that there is a lot of pent-up demand as the nation

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA