Walmart 2020 Q2 Earnings
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Q2 comp sales1 grew 2 8 and walmart u s.
Walmart 2020 q2 earnings. Aug 18 2020 8 49am edt. Online sales for the quarter that ended april 30 and a 10 increase in same store. Do the numbers hold clues to what lies ahead for the stock. Zacks equity research zacks published.
The market expects walmart wmt free report to deliver a year over year decline in earnings on higher revenues when it reports results for the quarter ended july 2020 this widely known. The 2010s were dominated by growth stocks and when 2020 rolled around many investors felt that it was time for value stocks to take the lead. Ecommerce sales grew 97 q2 fy21 gaap eps of 2 27. Returns as of 11 10 2020.
Adjusted eps2 of 1 56 company incurs incremental costs related to covid 19 of 1 5 billion. Ecommerce sales grew 37 company reports q2 fy20 gaap eps of 1 26. View all motley fool services. Customers shop at a walmart store on may 19 2020 in chicago illinois.
Walmart wmt q2 earnings beat estimates e commerce sales up. 3 reasons walmart crushed q2 earnings. Walmart q2 earnings soar. Analysts had been calling for walmart s fiscal 2020 earnings to be down 1 6 from the prior year.
Adjusted eps2 of 1 27 led by strength at walmart u s walmart raises expectations for fiscal 2020 u s. Q2 comp sales1 grew 9 3 and walmart u s. Walmart wmt delivered earnings and revenue surprises of 27 87 and 2 13 respectively for the quarter ended july 2020.
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