Pandemic pantry stocking helps Walmart’s fiscal first quarter

Walmart truck on highway

Walmart, Inc. (NYSE: WMT) saw the impact of pandemic-mandated stay-at-home orders as its comparison sales surged 10% year-over-year to nearly $136 billion in the company’s fiscal first quarter 2021, which ended April 30.

The nation’s largest retailer reported adjusted earnings per share (EPS) of $1.18, $0.09 ahead of the consensus estimate according to Seeking Alpha.

Key Performance Indicators – Walmart

Transactions declined 5.6% year-over-year, but tickets increased 16.5% on average. Walmart said...

https://www.freightwaves.com/news/pandemic-pantry-stocking-helps-walmarts-fiscal-first-quarter

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