Walmart lifted its full-year forecast on Tuesday following a strong backlog in its US stores in the second quarter as e-commerce growth slowed compared to before the epidemic.
The largest U.S. retailer has cited a particularly positive performance in his food business as he reported a 2.4 percent increase in revenue from $ 141 billion.
Revenue decreased by 34 percent to $ 4.3 billion compared to the previous quarter.
Walmart Chief Executive Officer Doug McMillon cited the results as “another strong component in all aspects of our business” in a press conference that did not mention Delta’s diversity that has sparked new restrictions in other parts of the United States.
Late last month, Walmart reintroduced the need for masks for workers in the United States with high Covid-19 numbers.
also read : Delhi government invites bids for liquor license licences in 12 locations
The results underscored Walmart’s appeal to U.S. consumers as conditions under Covid-19 have changed dramatically compared to last year when online sales increased and U.S. families strengthened by government-funded spending.
U.S. Walmart stores have experienced a 5.2 percent drop in sales compared to the US, while global revenues have fallen following a series of divisions.
In addition to food, Walmart also said that sales were strong for livestock, beauty and baby products, and clothing and travel-related goods were even more needed as customers became more and more involved with Covid-19 drugs.
Walmart has raised its full-year sales vision to be “optimistic” after showing a downward decline. The inflation outlook for each $ 6.20 to $ 6.35 per share is also higher than Walmart’s previous forecast.
Shares down 0.9 percent to $ 149.35 on previous market trading.
also read : The US continues to be deported from Afghanistan in the coming weeks: Pentagon
