Saturday 25 May 2019
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business-standard - 9 days ago

Walmart earnings jump 80 per cent to USD 3.8 bn, US sales strong

Walmart reported a jump in first-quarter earnings Thursday on higher US store sales and eCommerce growth following heavy investment in new omnichannel retail ventures. The world s biggest retailer reported profits of USD 3.8 billion. That s an increase of 80 per cent from the year-ago period when results were dented by a one-time earnings hit following US tax reform. Shares rose in pre-market trading.


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