Walmart (WMT), the world’s largest retailer, reported better-than-expected second-quarter revenue and sales results, driven by store traffic and stimulus check spending that bolstered its footprint in grocery sales in the face of surging COVID-19 infections nationwide.
Here are the results versus the estimates, according to Bloomberg:
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Adjusted EPS: $1.78 v. $1.57 estimate
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Revenue: $141 billion v. $136.88 billion
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Walmart U.S. comp-store sales (excluding gas): 5.2% v. 3.12% estimate
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Walmart U.S….
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